Federal Budget

What we call the planned earning and spending for the nation

• Federal Budget
• Discretionary Spending
• Tax Plan

What are those items of the national budget that must be funded?

• Mandatory
• Discretionary
• Planned
• Revenue

What are those areas of the National Budget that can but do not have to be funded?

• Mandatory
• Discretionary
• Revenue
• Defecit

What are the sources of income for the national government called

• surplus
• revenue
• appropriation

What is it called when the government takes in more in revenue than it appropriates?

• surplus
• revenue
• defecit
• appropriations

What means the government has spent more than it has raised

• revenue
• surplus
• deficit
• appropriations

The federal government spends the most money annually on:

• Military
• Social Security
• Healthcare
• Donuts

Most military spending is defined as mandatory.

• True
• False

A majority of the Federal Government's income comes from:

• Alcohol Tax
• Corporate Tax
• Borrowing
• Income Tax

Most of the discretionary spending of the federal government is spent on:

• Education
• Healthcare
• Military
• Social Security