Unit 12 Quiz Flashcards
The proper purpose of taxation is raising revenue for
proper government functions
A tax that state and local governments impose when a person makes a routine purchase is called ___.
sales tax
Federal categorical grants have ___ for state and local governments
specific
The major portion of a county’s revenue comes from ___.
property tax
The total debt of the federal government is approaching ___.
twenty trillion dollars
President Grover Cleveland believed that the government ___ support the people.
should not
When government prints money to make up a budget shortfall, it can cause ___.
inflation
___ is the day when the average American has worked enough to pay all the taxes he owes that year.
Tax Freedom Day
The greatest source of revenue for the federal government is the ___ tax.
income
A __ is a plan of income and expenses.
budget
