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Multiple Choice Questions



This activity contains 20 questions.

Question 1.
How many states do not have a personal income tax?

 
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Question 2.
All of the following are types of properties that are exempt from property taxes except:

 
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Question 3.
_________________ is the most important source of revenue for states.

 
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Question 4.
________________ is the most important source of revenue for local governments.

 
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Question 5.
All of the following are examples of excise taxes except:

 
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Question 6.
How many states operate lotteries to generate revenue?

 
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Question 7.
All of the following are examples of capital expenditures except:

 
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Question 8.
Over one-half the money spent by state and local governments goes to just three services. Which of the following is not one of these services?

 
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Question 9.
____________ is defined as a dollar per thousand dollars of assessed value of property and is used to calculate a property owner's tax bill.

 
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Question 10.
_____________ is defined as the transfer of services to private enterprise.

 
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Question 11.
_____________ is defined as fairness in spending.

 
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Question 12.
A ____________________ tax system places a relatively large tax burden on upper-income people and a relatively small tax burden on lower-income people.

 
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Question 13.
A ____________________ tax system places a relatively large tax burden on lower-income people and a relatively small tax burden on upper-income people.

 
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Question 14.
A ____________________ tax system takes the same percentage of each person's income, regardless of whether the income is high, medium, or low.

 
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Question 15.
_____________________ is defined as the total amount of taxes paid as a percentage of a person's income.

 
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Question 16.
All states except _________________ require their state, via state constitutional or statutory requirements, to balance their budget.

 
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Question 17.
Which group is unlikely to support tax limitations?

 
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Question 18.
How many states do not have a corporate income tax?

 
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Question 19.
Which of the following is the fastest growing source of revenue for state and local governments?

 
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Question 20.
________________are bonds issued by governments that pledge their "full faith and credit," including tax revenues, to repayment.

 
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