Taxes and Spending

Sierra Stowe
Quiz by , created over 3 years ago

Economics Chapter 14

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Sierra Stowe
Created by Sierra Stowe over 3 years ago
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Question 1

Question
"A required payment to a local, state, or national government." Which of the following terms is defined above?
Answer
  • Revenue
  • Tax
  • Tax Base
  • Tax Structures

Question 2

Question
A proportional tax is the percentage of income paid in taxes that increases as income increases.
Answer
  • True
  • False

Question 3

Question
Mandatory spending is spending on certain programs that`s [blank_start]mandatory[blank_end], or [blank_start]required[blank_end], by law.
Answer
  • mandatory
  • allowed
  • discretionary
  • entitled
  • excise
  • additional
  • required
  • regressisve