In: Economics
POS-301: Analyzing Arizona Tax Worksheet
Complete all five parts of the worksheet.
Part One: Income Tax
Which branch of government Determines the Amount of Tax? |
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) |
Part Two: Arizona Sales Tax
2. Who determines the amount of each tax?
3. Where does revenue from this tax go? What does it fund?
Part Three: Arizona Utility Tax
2. Who determines the amount of each tax?
3. Where does revenue from this tax go? What does it fund?
Part Four: Property Tax
2. Who determines the amount of each tax?
3. Where does revenue from this tax go? What does it fund?
1. Federal tax Internal Revenue Service; Technology, education, Goods & Services, etc.
State Tax Arizona Department of Revenue; income tax, inheritance & estate taxes; state taxes, real-estate property tax, etc.
Social Security Tax Social Security Administration; Dedicated payroll tax
Medicare Tax Internal Revenue Service; on income more than a threshold value; for employees in the United States, for social security system
Others Internal Revenue Service; Department of Revenue, Arizona; US Department of Treasury
2. Who determines the amount of each tax?
Department of Revenue; US Department of Treasury; Internal Revenue Service
3. Where does revenue from this tax go? What does it fund?
Sales, utility, and, property tax
Arizona Department of Revenue
Utilized towards maintaining the Governments, public services such as police protection, public schools, county Government, water, school district