State Revenue and Taxation

Which taxes provide states with revenue?

• gift tax and sales tax

• gift tax and income tax

• income tax and sales tax

• property tax and customs duty

What does having a balanced budget require?

• Total government revenue is greater than total government spending.

• Total government revenue is equal to total government spending.

• Total government spending must come from reserve funds.

• Total government revenue must come from reserve funds.

What is the job of a tax assessor?

• to serve on the mayor’s financial council

• to balance the budget of the local government

• to collect sales taxes from local merchants

• to determine the value of property to be taxed

The hiring of police officers is part of which area of local government?

• public schools

• public safety

• public welfare

• public utilities

Which of the following is an example of a non-tax source of revenue for the state?

• Business tax revenue

• Income from property tax

• Toll roads

• Sales tax collection