Tax Day - Where Is Your Money Going?
7 Questions
| Attempts: 267
On April 17, 2012, your 2011 federal income tax return was due to the IRS. Where did the federal government spend those tax dollars? The following questions ask how Congress and the president decided to spend each dollar of income-tax revenue. At the end of the quiz you’ll have the opportunity to generate your own tax receipt to see how much of your own tax dollars go to different kinds of government spending.
Questions and Answers
- 1.Which, of the following, does the U.S. Government spend the most of your tax dollars on?
- A.
Interest on Debt
- B.
Military
- C.
Medicare & Health
- D.
Education
- 2.Of every income-tax dollar the U.S. Government spends, how many cents are spent on Social Security and Labor?
- A.
12.2¢
- B.
60.4¢
- C.
5.8¢
- D.
24.3¢
- 3.The U.S. Government spends considerably more on the military than any other tax day expenditure. Of every income-tax dollar the U.S. Government spends, how many cents are spent on the military?
- A.
11¢
- B.
48¢
- C.
27¢
- D.
63¢
- 4.There is a .1 or one-tenth of a cent difference between how much of every income-tax dollar the U.S. Government spends for Veterans Benefits and Food & Agriculture. How much does the federal government spend on these two programs?
- A.
72.2¢ and 72.3¢
- B.
12.8¢ and 12.9¢
- C.
23.5¢ and 23.6¢
- D.
4.4¢ and 4.3¢
- 5.There are 64 million primary and secondary school students in the United States. Of every tax dollar the U.S. Government spends how many cents are spent on education?
- A.
10¢
- B.
2.5¢
- C.
15¢
- D.
22¢
- 6.The U.S. Government spends the least on science of all tax day expenditures. Of every tax dollar the U.S. Government spends how many cents are spent on science?
- A.
0.5¢
- B.
12¢
- C.
6¢
- D.
1¢
- 7.The U.S. federal debt is around $15 trillion dollars. Of every income-tax dollar spent by the U.S. Government, how much is spent on interest on this debt?
- A.
14.5¢
- B.
50¢
- C.
5¢
- D.
76.2¢
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