Federal Budget and Monetary Policy Quiz
Authored by Donn Miller
Social Studies
KG
Used 4+ times
AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the Federal Surplus?
The government spent more than they collected in tax revenues
The government has money left over at the end of the year
The government borrowed money when they ran out
The government spent all the money they had
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the largest category of federal spending?
Income Security
Social Security
Medicare
National Defense
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Federal Income Tax?
To tax the wages earned by individuals
To fund the social security system
To provide for the operation of the government administration
To tax corporate income
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Social Security Tax?
To fund the social security system
To tax corporate income
To tax the wages earned by individuals
To tax the sale of select items
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Medicare Tax?
To tax the wages earned by individuals
To tax corporate income
To fund a health care program for the handicapped and elderly
To fund the social security system
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the Corporate Income Tax?
To fund the social security system
To tax the sale of select items
To tax corporate income
To tax the wages earned by individuals
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Excise Taxes?
To fund the social security system
To tax corporate income
To tax the sale of select items
To tax the wages earned by individuals
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
