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12th Grade Public Finance Quizzes, Questions & Answers

12th Grade

Popular Public Finance Topics

Government Revenue & Taxation

Government Revenue & Taxation

Budgeting & Fiscal Policy

Budgeting & Fiscal Policy

Top Trending Public Finance Quizzes

Just How Loaded Is Mitt Romney?

Just How Loaded Is Mitt Romney?

Test your knowledge of the Republican frontrunner's personal finances.

Questions: 10 | Attempts: 1785 | Last updated: Mar 14, 2025

Sample Question 1
In 2010, Mitt Romney earned as much as how many typical American households?

4.3

43

433

4,333

Sample Question 2
Romney’s effective tax rate in 2010 was 13.9 percent. If you earned $21.7 million, your tax rate would probably be a lot higher. Why?

Romney’s income from his career in private equity is not considered regular income but capital gains.

Capital gains are taxed at 15 percent while regular income is taxed at a top rate of 35 percent.

Bain Capital and other private equity firms have spent millions keeping this tax loophole open.

All of above

Sample Question 3
Speaking to Univision, Romney claimed if you did the math, his actual tax rate was…

“…a lot like yours, amigo.”

“…a lot higher than I’d like.”

“…closer to 45 or 50 percent.”

“…only worth discussing in quiet rooms.”

Recent Public Finance Quizzes

Politics In American Local Government, Part I

Politics in American Local Government, Part I

A difficult quiz about finance and budget it local government.

Questions: 10 | Attempts: 137 | Last updated: May 15, 2025

Sample Question
True or false? Most states require their municipalities to operate within a balanced budget.

True

False

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