What are the differences between a sales tax and a use tax?

Question

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1 point
A sales tax on goods and services is paid by a region's residents and a use tax is paid by non-residents, both at the point of sale.
A sales tax is levied on the purchases of goods while a use tax is levied on the purchases of sevices.
A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchased when sales tax was not paid.
A sales tax is collected when a good or service is purchased by a consumer while a use tax is collected when a good or service is purchased by a businesses.
Which type of tax describes excise taxes, sales taxes, and tolls?
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1 point
use tax
flat tax
progressive tax
regressive tax
How are businesses taxed with the corporate income tax?
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1 point
Businesses pay a proportional or progressive tax based on their profits.
Businesses pay a progressive tax based on their total expenses.
All businesses pay the same amount of tax each year.
Businesses pay a proportional tax based on their total receipts.
What type of spending funds the Federal Bureau of Investigations and defense programs?
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1 point
mandatory spending
discretionary spending
required spending
interest on the national debt
Programs such as unemployment compensation and the Supplemental Nutrition Assistance Program are considered to be which of the following?
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1 point
Social Security
Entitlement programs
Medicare
Medicaid

Answer 1

Here are the answers to your questions:

1. What are the differences between a sales tax and a use tax?

   • Answer: A sales tax is on the purchase of goods and services at the point of sale while a use tax is paid on goods and services purchased when sales tax was not paid.

2. Which type of tax describes excise taxes, sales taxes, and tolls?

   • Answer: regressive tax

3. How are businesses taxed with the corporate income tax?

   • Answer: Businesses pay a proportional or progressive tax based on their profits.

4. What type of spending funds the Federal Bureau of Investigations and defense programs?

   • Answer: discretionary spending

5. Programs such as unemployment compensation and the Supplemental Nutrition Assistance Program are considered to be which of the following?

   • Answer: Entitlement programs

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