A budget resolution is the document drafted by Congress that
a. supplies money to federal agencies.
b. spells out spending and revenue targets for the coming fiscal year.
c. alters revenue levels.
d. determines the debt level.
e. supplies stopgap funding.
Question -2-Once the president approves a budget proposal, it is submitted to
a. Congress.
b. the Federal Reserve.
c. the Office of Management and Budget.
d. the Secretary of the Treasury.
e. the vice president.
Question -3-The presidents budget proposal is issued by the
a. Council of Economic Advisors.
b. Federal Reserve.
c. Office of Management and Budget.
d. Treasury Department.
e. vice president.
Question -4-The tax on peoples right to transfer property at death is called a(n) ______ tax.
a. alternative
b. estate
c. excise
d. marginal income
e. security
Question -5-Most of the tax on gasoline is set aside for
a. alternative energy solutions.
b. environmental research.
c. mass transit.
d. oil production.
e. the federal highway trust fund.
Question -6-Sales taxes are established by
a. Congress.
b. states and localities.
c. the Council of Economic Advisors.
d. the Federal Reserve Board.
e. the president.
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