WorksheetsCh10 L1
Total questions: 11
Worksheet time: 10mins
Which of the following is defined as "government spending that is funded by money the government borrowed"?
Deflation
Inflation
Deficit Spending
National Debt
Which of the following tends to grow as a direct result of deficit spending?
Deflation
Inflation
Withholdings
National Debt
Which of the following is the TRUEST measure of what you make in a paycheck?
Withholdings
Net Income
The Fiscal Year
Gross Income
Your (a) is what you make pre-tax, while your (b) is what you make post-tax.
Match the following tax source to the correct percentage that it holds in America's tax revenues.
51%
Income Taxes
6%
Corporate Taxes
35%
Payroll Taxes
8%
Excise, Estate, and Gift Taxes
American's want to track government spending because when deficit spending increases, your taxes typically ___.
Increase
Decrease
When the government releases their budget, that budget is set for the (a)
Benjamin Franklin's quote, the theme to chapter 10, is that only two things are certain in this world: (a)
When making a budget, it is best to use your (a) when planning how much money you'll have that month.
Choose the equation that should be used to determine your monthly gross income.
($ per hour) x (hours per week) =
($ per hour x hours per week) x state tax =
($ per hour x hours per week) x state AND federal tax =
($ per hour x hours per week) / state AND federal tax =
($ per hour x hours per week) / state tax =
Choose the equation that should be used to determine your monthly net income.
($ per hour) x (hours per week) =
($ per hour x hours per week) x state tax =
($ per hour x hours per week) x state AND federal tax =
($ per hour x hours per week) / state AND federal tax =
($ per hour x hours per week) / state tax =
