FiCEP Study Guide (Final EXAM ) QUESTIONS
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Terms in this set (303)
A tax is defined as a contribution that operating costs
supports the _____ of a government.
A _____ tax requires a taxpayer to pay progressive
more tax as their income increases.
(Federal and state income taxes are
examples)
A _____ tax charges the same regressive
percentage of the cost of a good or
service, no matter what the taxpayer
earns. (Sales tax, gas taxes, and
liquor taxes are examples)
Sometimes taxes are called _____. fees or surcharges
A _____ could include the cost of a fee
driver's license or a hunting license.
, A _____ could be a gasoline tax, surcharge
tobacco tax, or liquor tax.
Taking care of _____ is as important for tax obligations
a member's financial well-being as it
is to pay their bills on time.
Any _____ from the IRS should be correspondence
reviewed and dealt with as soon as
possible.
If you have not been able to resolve taxpayer advocate service.
a problem with the IRS, seek
assistance from the _____.
Complex tax situations might require tax professional
members to hire a _____.
_____% of taxpayers may be eligible 70
for free tax filing assistance.
If members get a large refund, they filing status
might want to change their _____ if the
money is needed in their monthly
budget.
Caution members that using refund costly
anticipation loans can be a _____ way
to get instant access to their refund.
The first choice for using a tax refund pay down debt
is to _____.
AND CORRECT DETAILED ANSWERS | ALREADY
SCORED A+ | NEWLY UPDATE 2026
Save
Terms in this set (303)
A tax is defined as a contribution that operating costs
supports the _____ of a government.
A _____ tax requires a taxpayer to pay progressive
more tax as their income increases.
(Federal and state income taxes are
examples)
A _____ tax charges the same regressive
percentage of the cost of a good or
service, no matter what the taxpayer
earns. (Sales tax, gas taxes, and
liquor taxes are examples)
Sometimes taxes are called _____. fees or surcharges
A _____ could include the cost of a fee
driver's license or a hunting license.
, A _____ could be a gasoline tax, surcharge
tobacco tax, or liquor tax.
Taking care of _____ is as important for tax obligations
a member's financial well-being as it
is to pay their bills on time.
Any _____ from the IRS should be correspondence
reviewed and dealt with as soon as
possible.
If you have not been able to resolve taxpayer advocate service.
a problem with the IRS, seek
assistance from the _____.
Complex tax situations might require tax professional
members to hire a _____.
_____% of taxpayers may be eligible 70
for free tax filing assistance.
If members get a large refund, they filing status
might want to change their _____ if the
money is needed in their monthly
budget.
Caution members that using refund costly
anticipation loans can be a _____ way
to get instant access to their refund.
The first choice for using a tax refund pay down debt
is to _____.
