Ch. 9 Sec. 2 — Answers Only
- Which Amendment did it take to ratify the Social Security Act?
- Which branch of the U.S. Treasury is responsible for collecting taxes?
- What is the primary source of government revenue?
- Where are withholdings (money taken out of a person’s check) sent to?
- When you pay a FICA tax, what two things are you paying in to?
- At what dollar amount does a person get to stop paying social security taxes?
- What percent of marginal tax applies to all corporate income taxes after $18.3 million.
- Is an excise tax progressive or regressive?
- Who has the right to levy customs duties?
- Why do some people feel more comfortable facing user fees?
- What is the largest source of state revenue?
- What is a sales tax?
- When are sales taxes collected?
- How many states do not collect sales tax?
- What state does not collect state sales tax or income tax?
- What are intergovernmental funds form the federal government generally used for?
- What possessions fall under the property tax rule?
- Many water, electricity, sewerage, and telecommunications are places natural monopolies. Why is this?
- What is the fourth most important source of local government revenues?
- What do local governments do if they spend more than they collect in revenues?