Chapter 14 Quiz Kennedy 2nd Block
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Answer the following:
- 1.Which amendment to the US Constitution permitted the federal income tax?
- A.
10th
- B.
14th
- C.
15th
- D.
16th
- E.
18th
- 2.A budget deficit occurs when expenditures exceed
- A.
Revenues
- B.
Borrowing
- C.
Appropriations
- D.
Inflation
- E.
Authorization
- 3.The income tax is generally progressive, meaning that
- A.
It increases incrementally on an annual basis
- B.
Those with more income pay higher rates of tax on their income
- C.
Those with more income pay more taxes than those with less income
- D.
It is a newer form of taxation than sales taxes
- E.
It is better than a flat tax
- 4.Which federal agency was created in order to collect the federal income tax?
- A.
Congressional Budget Office
- B.
Treasury Department
- C.
General Accounting Office
- D.
Auditors General
- E.
Internal Revenue Service
- 5.Tax expenditures are
- A.
Sales taxes paid when goods and services are purchased
- B.
Money spent by the IRS collecting taxes
- C.
Rebates provided to individuals who have overpaid federal taxes
- D.
Revenue losses that result from special exemptions, exclusions, or deductions on federal tax law
- E.
Income that is taxable by the federal government
- 6.Tax expenditures tend most to benefit
- A.
Lower-income people
- B.
Lower middle-class and small business
- C.
The government
- D.
Middle and upper income people and corporations
- E.
State and local governments
- 7.Which of the following best describes incrementalism?
- A.
It is the best predictor of next year's budget
- B.
It provides a minimum level of income to older Americans
- C.
It is necessary to pay for big government
- D.
It is not determined by a fixed amount of money
- E.
It is necessary to balance the budget
- 8.An example of incremental budgeting is
- A.
Reviewing an agency's budget to establish a lower base
- B.
Carter's zero-based budgeting
- C.
Reducing an agency's budget a little each year
- D.
Giving an agency a little more than it had last year
- E.
Breaking a budget into its components for review
- 9.In the House of Representatives, it is the __________Committee that writes tax codes, subject to the approval of Congress as a whole.
- A.
Ways and Means
- B.
Appropriations
- C.
Budget
- D.
Revenue
- E.
Finance
- 10.The heads of executive agencies send their budget requests to the
- A.
Office of Management and Budget
- B.
Congressional tax committee
- C.
President
- D.
Treasury Department
- E.
House Ways and Means Committee
- 11.Once the Office of Management and Budget has prepared the federal budget
- A.
It is sent to the Treasury for implementation
- B.
The President makes revision and submits it to Congress
- C.
It is either signed or vetoed
- D.
Congress votes within 10 days
- E.
It becomes a law
- 12.Congress's control over federal appropriations is more commonly known as
- A.
The power of the purse
- B.
Bully pulpit
- C.
Oversight
- D.
The great pocketbook
- E.
Trump ticket
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