Reference no: EM131759180
Assignment: Analyzing Tax Worksheet
Complete all five parts of the worksheet.
Part One: Income Tax
Use the sample paystub providedto fill in the table below.
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Who Determines the Amount of Tax?
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Services the Tax is Applied Towards
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Federal Tax
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State Tax
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Social Security Tax
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Medicare Tax
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Other (Please specify)
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Part Two: Sales Tax
Use the sample sales receipt provided to answer the questions below.
1. List all of the taxes (percent, amount, etc.) found on the receipt.
2. Who determines the amount of each tax?
3. Where does revenue from this tax go? What does it fund?
Part Three: Utility Tax
Use the sample utility bill provided to answer the questions below.
1. List all of the taxes (percent, amount, etc.) found on the bill.
2. Who determines the amount of each tax?
3. Where does revenue from this tax go? What does it fund?
Part Four: Property Tax
Use the sample property tax statement provided to answer the questions below.
1. List all of the taxes (percent, amount, etc.) found on the statement.
2. Who determines the amount of each tax?
3. Where does revenue from this tax go? What does it fund?
Part Five: Summary and Analysis
Write a 200-350-word summary below of your findings and what you have learned about how you are taxed.