People's Pie Economics Quiz

What does the government collect to pay for the services it provides?

What is corporate tax?

• The tax corporations must pay on the money they earn each year.

• Taxes that fund programs like social security and Medicare, employers take this out of their employees' paycheck.

• This tax is a percentage of each person's earned income.

• None of the above.

Although the public will not like it, what can be raised to reduce the costs of Medicare and social security?

Within the U.S. budget, non-discretionary spending is referred to as mandatory spending and includes spending on social service programs, such as social security, Medicaid and Medicare. Funding for research and defense is considered ___________ spending.

How is the popular approval rating affected by taxes?

How is popular approval ratings affected by the decisions the government makes about the different programs they are funding?

What is income tax?

• The tax corporations must pay on the money they earn each year.

• Taxes that fund programs like social security and Medicare, employers take this out of their employees' paycheck.

• This tax is a percentage of each person's earned income.

• None of the above.

What is payroll tax?

• The tax corporations must pay on the money they earn each year.

• Taxes that fund programs like social security and Medicare, employers take this out of their employees' paycheck.

• This tax is a percentage of each person's earned income.

• None of the above.