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POS-301: Analyzing Arizona Tax Worksheet Complete all five parts of the worksheet. Part One: Income Tax...

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

Federal Tax

State Tax

Social Security Tax

Medicare Tax

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?

Solutions

Expert Solution

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


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