Virtual AR-Module 11 Review Question Preview (ID: 27199)
Fiscal Policy.
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Fiscal policy helps monitor what?
a) taxes
b) choices our government makes
c) our money
d)
Taxes placed on an individual's income are called _________.
a) excise taxes
b) property taxes
c) income taxes
d)
Tax Brackets are charts used to determine the percentage of taxes owed by the individual based on income.
a) True
b) False
c)
d)
Taxes placed on imported goods are called?
a) Tariffs
b) gift taxes
c) property taxes
d) excise taxes
Tax ___________ aides the government in providing services list roads, education, etc.
a) brackets
b) revenue
c) amounts
d)
3 Types of tax structures are:
a) personal, property, and progressive
b) progressive, proportional, and regressive
c) regressive, excise, and gift taxes
d)
True or False: Mandatory spending by the government is not required by law.
a) True
b) False
c)
d)
The choice to spend the money from the budget is called what?
a) mandatory spending
b) discretionary spending
c)
d)
The US national debt is money that is owed to the different countries.
a) True
b) False
c)
d)
Education, roads, and public safety are the only budget categories for state budgets.
a) True
b) False
c)
d)
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