AnswersHSA 26-27 EconomicsFiscal Policy: Taxes

Fiscal Policy: Taxes Answers

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1
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Motor vehicle tax is a source of revenue for .

A
state governments only
B
the federal government only
C
both state and federal governments
3

The largest expense in mandatory funding is .

A
Social Security
B
the Department of Defense
C
emergency funding
5

Which was a more important source of revenue for these states during the timeframe indicated, individual income taxes or general sales taxes?

A
Income taxes were more important to both states.
B
Sales taxes were more important to Minnesota.
C
Both tax sources were equally important to Louisiana.
7

Funding for disaster relief comes out of .

A
mandatory spending
B
discretionary spending
C
interest on debt
9

Motor vehicle tax is a source of revenue for .

A
state governments only
B
the federal government only
C
both state and federal governments
10

Which was a more important source of revenue for these states during the timeframe indicated, individual income taxes or general sales taxes?

A
Income taxes were more important to both states.
B
Sales taxes were more important to Minnesota.
C
Both tax sources were equally important to Louisiana.
11

Funding for disaster relief comes out of .

A
mandatory spending
B
discretionary spending
C
interest on debt
12

The largest expense in discretionary funding is .

A
Social Security
B
the Department of Defense
C
emergency funding
16

The largest expense in discretionary funding is .

A
Social Security
B
the Department of Defense
C
emergency funding
20

The largest expense in mandatory funding is .

A
Social Security
B
the Department of Defense
C
emergency funding

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