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State and Local Chapter 4

Total questions: 15

Worksheet time: 8mins

Name
Class
Date
1.

State governments need to balance their ___________ budget

a)

operating

b)

capital

c)

entire

d)

functional

2.

The Government charges ________for some specific services.

a)

progressive taxes

b)

targeted taxes

c)

user fees

d)

unfair usury

3.

A debt instrument that states and municipalities use to fund capital projects is called a _______.

a)

certificate

b)

bond

c)

treasury bill

d)

loan

4.

A Government's primary source of ________ is taxes.

a)

revenue

b)

payables

c)

power

d)

expenses

5.

What is the phrase used to describe the government's situation when experense exceed revenue in a given year?

a)

red tape

b)

normal budgeting

c)

budget surplus

d)

budget deficit

6.

_____________ is spending that is controlled by annual budget decisions.

a)

government allocations

b)

discretionary spending

c)

entitlement spending

d)

interagency spending

7.

Alaska issues _________ to citizens based on the sale of the state's oil.

a)

revenue notices

b)

dividend payments

c)

tax bills

d)

capital payments

8.

Governments do not use the regular 12-month calendar to keep track of their budget, they use a __________ year.

a)

fiscal

b)

expenditure

c)

financial

d)

revenue

9.

____________ taxes are leveled equally on all tax payers without regard to their income.

a)

sales taxes

b)

regressive taxes

c)

progressive taxes

d)

excise taxes

10.

A tax system which considers an individuals ability to pay is considered a ____________ tax system.

a)

progressive

b)

regressive

c)

fair

d)

equitable

11.

When the federal government gives money to the states, or the states give money to the localities, these payments are called _________________.

a)

revenue transfers

b)

intergovernmental transfers

c)

federalism payments

d)

fund transfers

12.

Taxes that are designed to raise revenue AND as a deterrent, are called what?

a)

interference taxes

b)

excise or sin taxes

c)

luxury taxes

d)

tax expenditures

13.

An __________ is a legal claim that someone meeting certain rules has against the government, and the government is required to pay.

a)

obligation

b)

entitlement

c)

allocation

d)

None of these

14.

Some states place a tax on natural resources that are removed from the state, we call these ____________ taxes.

a)

severance

b)

resource

c)

mining /drilling

d)

environmental

15.

____________ bonds are secured by the taxing power of the jurisdiction issuing them.

a)

Special payment

b)

Coercive

c)

General obligation

d)

Revenue