Published on September 22, 2014
Instructional Procedures Directions: Answer the following questions using the internet. Respond in a complete sentence using your own words. Title your document Taxes and center the title. Please make sure your questions are typed with your response below the question, and your document is formatted professionally. Proofread your document before submitting it. Save and name the document taxes/first and last name , i.e. taxes/TionaHorton . 1. What is a tax? 2. What is a social security tax? 3. What is a Medicare tax? 4. What is an Income tax? 5. Read and use the following website to answer the questions below about where your tax funds go to: http://www.whitehouse.gov/2012-taxreceipt a. At the end of year 2104 the government took $3500 of Medicare taxes, $4500 of Income taxes, and $4000 of Social Security taxes total out of your paychecks. Plug those numbers in the taxpayer receipt to see where your taxes are allocated to. Use the information to answer questions 5-10. 6. Under Income Tax, list the division and amount that went to each area under the Education and training tab. 7. What percentage of your Income Tax goes to Response to Natural Disasters? 8. How much of your Medicare Taxes went to Medicare Tax? 9. What area under Income Tax has the greatest amount of taxes going to it? 10. How much of your taxes went to Income and Housing for Veterans?