Federal judges can be removed from office through a process called
A. impeachment.
B. termination.
C. election.
D. recall
For federal income tax purposes, a taxpayers marginal tax rate is
A. the proportion of total income that is subject to tax.
B. the rate applied to income in the taxpayers highest tax bracket.
C. the amount of tax paid on the first 15,000 in taxable income.
D. the tax rate applied to income derived from margin accounts
Tax deductions and exemptions pose an equity problem because
A. they are complex to administer.
B. they offer greater benefits to affluent taxpayers than to the poor.
C. they are similar to tax credits.
D. they are only applicable to federal income taxes.
The annual Tax Expenditure Budget outlines
A. how tax revenues are spent.
B. the annual costs of tax deductions and exemptions.
C. the projected impact of proposed tax changes.
D. All of the above
The primary source of revenues to local governments is
A. property tax.
B. income tax.
C. fines and fees.
D. payroll tax
During the latter half of the 20th century, what sources of federal tax revenues changed?
A. Individual income taxes became a higher proportion of federal revenues.
B. Corporate taxes became a smaller proportion of federal revenues.
C. The proportion of federal revenues drawn from payroll taxes increased.
D. Both B and C
In the U.S., regressive taxes include
A. state income tax.
B. sales tax.
C. payroll tax.
D. both B and C
Mary works for a child welfare agency. She was opposed to the privatization of foster
care services because she felt it was too difficult to define quality in this type of care.
Which of the following conditions does she believe is missing from the foster care
market?
A. Assessable product
B. Informed & able consumer
C. Access to diverse providers
D. All of these
Which of the following is NOT true of federal expenditures since 1945?
A. The overall federal budget has grown.
B. Education spending has taken a larger share of the federal budget.
C. Social Security expenditures have grown.
D. Expenditures for National Defense have taken a smaller share of the federal
budget
In 2010, the largest single item in the federal budget was
A. Social Security.
B. defense spending.
C. Medicare.
D. interest on the national debt.
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