Tax Day - Where Is Your Money Going? | Attempts: 283

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| By National Priorit

National Priorit

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Quizzes Created: 5 | Total Attempts: 679

| Attempts: 283

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1/7 Questions

Which, of the following, does the U.S. Government spend the most of your tax dollars on?
- Interest on Debt
- Military
- Medicare & Health
- Education

Tax Day - Where Is Your Money Going? - Quiz

About This Quiz

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 See moremuch of your own tax dollars go to different kinds of government spending.

2.

Of every income-tax dollar the U.S. Government spends, how many cents are spent on Social Security and Labor?
- 12.2¢
- 60.4¢
- 5.8¢
- 24.3¢
Correct Answer

A. 12.2¢

Explanation

Explanation: If you paid $1,000 in federal taxes in 2011, $122.00 (or roughly 12% of your taxes) went to Social Security, Unemployment and Labor. This includes $5.93 for TANF (welfare).

All of your payroll taxes fund Social Security and Medicare. But some federal income taxes also fund Medicare, and in 2011 due to the payroll tax holiday, some federal income taxes also funded Social Security. Since some of your income taxes funded Medicare and Social Security in 2011, those two programs show up in Tax Day.

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3.

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?
- 10¢
- 2.5¢
- 15¢
- 22¢
Correct Answer

A. 2.5¢

Explanation

Explanation: If you paid $1,000 in federal income tax in 2011, $25.00 (or roughly 2.5% of your taxes) was spent on education, including $0.15 for the Corporation for Public Broadcasting.

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4.

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?
- 14.5¢
- 50¢
- 5¢
- 76.2¢
Correct Answer

A. 14.5¢

Explanation

Explanation: If you paid $1,000 in federal income tax in 2011, $145.00 is paid for interest on the federal debt.

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5.

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?
- 72.2¢ and 72.3¢
- 12.8¢ and 12.9¢
- 23.5¢ and 23.6¢
- 4.4¢ and 4.3¢
Correct Answer

A. 4.4¢ and 4.3¢

Explanation

Explanation: If you paid $1,000 in federal income tax in 2011, $44 (or roughly 4% of your taxes) paid for Veterans Benefits. This includes $3.66 for veterans education, training and rehab. $43 (again, roughly 4% of your taxes) paid for food and agriculture, including $26.89 for SNAP (Food Stamps).

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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?
- 0.5¢
- 12¢
- 6¢
- 1¢
Correct Answer

A. 1¢

Explanation

Explanation: If you paid $1,000 in federal income tax in 2011, $10 (or roughly 1% of your taxes) funded science research including $5.90 for space flight research.

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7.

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?
- 11¢
- 48¢
- 27¢
- 63¢
Correct Answer

A. 27¢

Explanation

Explanation: If you paid $1,000 in federal income tax in 2011, $270.00 (or roughly 27% of your taxes) went to the military, including $6.83 for nuclear weapons.

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Current Version
Mar 15, 2023

Quiz Edited by
ProProfs Editorial Team
Apr 19, 2012

Quiz Created by
National Priorit

Tax Day - Where Is Your Money Going?

Which, of the following, does the U.S. Government spend the most of your tax dollars on?

Quiz Preview

Of every income-tax dollar the U.S. Government spends, how many cents are spent on Social Security and Labor?

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?

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?

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?

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?

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?