Fiscal Policy - Revenue Quiz

What is the main use of government revenue collection and expenditure to influence the economy?

• Foreign aid

• Regulation of trade

• Fiscal policy

• Monetary policy

What is the period for the US Government Fiscal Year?

• Oct 1 to Sept 30

• Apr 1 to Mar 31

• July 1 to June 30

• Jan 1 to Dec 31

What is the tax on money earned each year called?

• Income Tax

• Sales Tax

• Tariff

• Excise Tax

Which tax is paid upon the sale of goods and services?

• Excise Tax

• Sales Tax

• Tariff

• Income Tax

What is the tax collected from the person who inherited the wealth called?

• Sales Tax

• Property Tax

• Inheritance Tax

• Estate Tax

Which tax structure hurts lower income earners more?

• Value-added tax

• Regressive tax

• Progressive tax

• Proportional tax

Tax on revenue earned by a citizen each year.

• Sales tax

• Corporate tax

• Income tax

• Property tax

Tax on imported goods.

• Foreign taxes

• Corporate tax

• Property tax

• Tariffs

Tax on your home or car.

• Property tax

• Personal Home Tax

• Excise tax

• Corporate tax

Tax on things you buy, varies from state to state.

• Tariffs

• Sales

• Corporate

• Excise