TAXES

Which part of our federal budget get the most money?

• Discretionary Aid

• Military

• Education

• Foreign Affairs

What is the federal budget?

• A plan for how the federal government spends taxpayers' money

• A scheme by the federal government to cheat us out of our hard earned money

• A guess by the federal government as to what they might want to spend money on

In which ways are our local taxes used?

• For your workplace

• Roads and schools

• Federal and state government

• Local Businesses

Mandatory spending can be best described as...

• Budgets for countries the US wants to keep a relationship with

• Money that must be spent in schools

• Interest on loans issued

• A budget for parts of the government that must get certain funding.

For every paycheck you recieve, you are _______ and then paid the remaining amount.

• questioned

• given a break down of how much you were paid

• Taxed

• Given money

When the dollar loses value,....

• the government knows to tax people less.

• you are able to purchase less goods.

• you are able to purchase more goods.

• you know how much you paid in taxes last year

Which of the following collects your individual income taxes?

• Census Bureau
• Office of Management and Budget
• Internal Revenue Service
• Social Security Administration

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

• individual income taxes
• corporate income taxes
• customs duties
• FICA

Who pays taxes

• everybody

• only those who invest in stocks

• only those who watch Saturday morning cartoons

• only those who earn $20,000