Review your tax notes, business cycle notes and unemployment notes. Things to know: Progressive, Regressive, Proportional What each level of government gets their money from Tax base W-4, W-2, 1040 Charachteristics of a good tax and explain Frictional, Structural, Seasonal, Cyclical Unemployment Sole Proprietorships (LLC), Partnerships (General/Limited), Corporations.
Create a Classification Organizer for Taxes with 3 sub groups (Progressive, Regressive, Proportional) For each type of tax, tell me 3 things that the government uses that particular money for. pp 360-362. Also write down the 4 characteristics of a good tax (361-2)!