Fiscal Policy Answers
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What are some examples of excise taxes imposed by the government? Check all that apply.gamblingfast-food restaurantscigarettesmoviesbaseball gamesalcoholgasolinehotels
A
gamblingB
fast-food restaurantsC
cigarettesD
moviesE
baseball gamesF
alcoholG
gasolineH
hotels3
What happens to the amount of money the government collects in taxes if unemployment is high?
A
It is harder to collect.B
It stays the same.C
It goes down.D
It goes up.4
Examine the pie chart.
A
Social Security and social programsB
national defense and transportationC
international aid and veterans’ programsD
education and managing the nations’ debt5
Look at a portion of a sample paycheck:
A
payrollB
propertyC
incomeD
excise6
What gives Congress the power to raise taxes to fund services?
A
the Federal Reserve BankB
the Internal Revenue ServiceC
the Bill of RightsD
the Constitution7
expenditurerevenuebudget
A
expenditureB
revenueC
budget8
Revenue is the amount of money that
A
the government spends on defense.B
the government collects from taxes or borrowing.C
the government owes in debt.D
the government uses to provide social services.9
When might workers be exempt from paying income taxes?
A
when they are injured on the jobB
when they make too much moneyC
when they don’t earn enough moneyD
when they are laid off by a company10
The government raises money on the federal level through which taxes? Check all that apply.income taxes tariff taxesoccupation taxesexcise taxessales taxescorporate taxesproperty taxes
A
income taxesB
tariff taxesC
occupation taxesD
excise taxesE
sales taxesF
corporate taxesG
property taxesDid you find these answers helpful?
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