2022 Budget Quiz

For FY 2022, the federal budget will create a

• $1.837 trillion dollar deficit

• $1.837 trillion dollar surplus

• balanced budget

• what budget?

Which of the following are NOT mandatory expenditures?

• Social Security

• Medicare

• Defense

• Supplemental Nutrition Assistance Program

The federal government makes the most revenue from...

• Corporate Taxes

• Income Taxes

• Excise Taxes, Customs, and Tariffs

• FICA Taxes

Which is the fastest growing federal expense?

• FICA Benefits

• Defense

• Interest on National Debt

• Healthcare

When does the federal government's fiscal year (FY) start?

• Jan. 1

• April 15

• Oct. 1

• Dec. 31 at 11:59pm