This bingo card has a free space and 24 words: FED, People who benefit directly from public goods should pay for them in proportion, FICA, CORPORATE INCOME TAX, ECONOMIC BEHAVIOR, A payroll tax that provides coverage for the elderly and unemployed due to disability, ENTITLEMENTS, ESTATE TAX, Provides short term loans to banks, Tax on corporate profits, this tax is the third largest source of tax, Social welfare programs with specific requirements, FEDERAL RESERVE ACT OF 1913, PRINCIPLE OF TAXATION, Taxes placed on goods / services will increase costs of production, RESOURCE ALLOCATION, EQUITY, A tax levied on the net value of the estate of a deceased person, SOCIAL SECURITY, The quality of being fair and impartial, PROPORTIONAL TAX, Provides benefits to older retired workers, Takes the same percentage of income from everyone, regardless of income level, Established 12 independent reserve banks and Taxes can be an incentive to encourage / discourage economic behavior.
Federal Reserve System Practice | Tax Bingo | Unit 5 Vocab Bingo | Unit 5 Bingo | Tax Webinar Day 2
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