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Chp 3.3 Quiz

Authored by Carly Jorgensen

Other

9th - 12th Grade

Used 4+ times

Chp 3.3 Quiz
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14 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is the top source of revenue for the federal government.

individual income taxes
corporate income taxes
customs duties
FICA

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

FICA pays for these two entitlement programs

Social Security and school lunches
Medicare and Medicaid
Social Security and Medicare
Unemployment and Medicaid insurance

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is spending that is greater than revenue?

balanced
suplus
deficit

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

This is a tax on property inherited after a person's death.

excise
proportional
gift
estate

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of taxes?

paying for roads, buses, and cars

paying for social security and medicare

paying for governmental operations, facilities and services

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Federal, state, and local governments generate revenue by taxing ______ and __________.

individuals; businesses

poor people; rich people

individuals; the government

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is it called when the federal government spends more money than it collects?

deficit spending

discretionary spending

mandatory spending

taxable spending

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