Which two types of taxes provide the largest amount of revenue to states?

Economics, Unit 6, Lesson 10: Unit Assessment: Government and the Economy

1. D - Medicare provides health care for people over 65, and Medicaid offers benefits for low-income families and individuals.

2. C - mandatory spending programs

3. A - sales tax and individual income taxes

4. B - The federal Reserve coordinates all regulatory activities and examines banks periodically.

5. D - As interest rates rise, people generally keep their wealth in assets that pay returns, restricting the money supply.

6. A - a cash deposit into the banking system on the money supply.

7. C - It would force banks to recall a significant number of loans, which would hurt many borrowers.

8. D - benefits to older citizens, surviving family members of wage earners, and people with certain disabilities

9. C - So that the government can pay bills as they come due

10. D - An operating budget is for day-to-day expenses; a capital budget is for investment spending.

11. A - a social welfare program providing benefits to people who meet certain eligibility requirements

12. C - regressive tax.

13. A - The tax represents a larger proportion of Josh's income.

14. D - Your employer sends it to the federal government to help pay your income tax bill,

15. D - the convenience store on the corner

16. D - all of the above

17. B - by Congress and the White House.

18. A - there is a budget surplus.

19. A - loan money to the government.

20. B - most states require a balanced budget for state spending.

21. D - to lessen the effect of natural business cycles

22. D - to provide consumers with access to funds for business expansion

23. C - 12

24. D - The economy is expanding quickly and inflation is a concern.

25. A - As interest rates decrease, demand for money increases.

26. The money the government spends creates jobs which in turn could create a chain reaction in the economy.

27. A good tax should have simplicity, efficiency, certainty, and equity. By simplicity, we mean tax laws should be easily understood. By efficiency, we mean government administrators should be able to collect taxes without spending too much time or money. By certainty, we mean it should be clear to the taxpayer when a tax is due, how much money is due, and how the tax should be paid. By equity, we mean the tax system should be fair; no one should bear too much or too little of the tax burden.

$527.7.if the following was the question  $527.7 is the answer.students who are trying to raise funds have an agreement with a local pizza chain. the chain has agreed to sell them pizzas at a discount, which the students can then resell to families in the local community for a profit. it is expected that of the 500 families in the community, at most 70% will buy pizza. based on a survey of their personal preferences, the students believe that they should order no more than 120 cheese pizzas, no more than 150 pepperoni pizzas, and no more than 100 vegetarian pizzas. they also want to make sure that at least 20% of the total pizzas are cheese and at least 50% of the pizzas are pepperoni. they make a profit of $1.45, $1.75, and $1.98, respectively, for each cheese, pepperoni, and vegetarian pizza they resell. how many pizzas of each type should they buy?

Answeran express,bilateral contract;