Chapter 7 - The Government Sector

1		The Medicare tax is percent on earned income.
2		The highest rate of the federal personal income tax is percent.
3		The federal inheritance tax is paid on estates valued at over $ .
4		Fiscal year 2001 ended on (month/day/year).
5		A progressive tax is a tax that falls most heavily on the , while a regressive tax is one that falls most heavily on the .