Lesson 4.05 a&b Exit slip

The SNAP and CHIP programs provide food to families and children and are part of the safety net provided by the federal government. True False

False

Local governments are funded by transfers from the state. True False

True

State and local government may not run budget deficits. True False

True

The federal income tax system in the United States is progressive. True False

True

With a regressive tax system, people with lower incomes pay a higher percentage of their income in taxes. True False

True

The federal government relies most heavily on which type of tax revenue? a. Income taxes b. Fines and fees c. Estate taxes d. Sales taxes e. Property taxes

a. Income taxes

State and local governments generally fund which of the following types of services? a. Transportation b. All of these c. Public welfare d. Education e. Public safety

b. All of these

The Commonwealth of Virginia relies most heavily on which type of tax revenue? a. Property taxes b. Income taxes c. Fines and fees d. Estate taxes

b. Income taxes

Medicare, Medicaid, and the CHIP program are all safety net programs that provide [assistance]. a. education b. healthcare c. housing d. food

b. healthcare

Which of the following is a safety net program that redistributes income? a. Supplemental Nutrition Assistance Program (SNAP) b. Medicaid c. All of these d. Children's Health program (CHIP) e. National School Lunch Program

c. All of these

Which of the following is true for the federal government budget each year? a. It spends a majority of its budget in foreign aid b. All of these c. It can spend more than it gets in tax revenues d. It can reduce any category of spending at its discretion e. It can only spend as much as it gets in tax revenues

c. It can spend more than it gets in tax revenues

If low-income families pay 10% of their income in taxes while high-income families pay 20% of their income in taxes, the tax system is which of the following? a. Excessive b. Regressive c. Progressive d. Unfair e. Proportional

c. Progressive

Which of the following is true regarding the Gini Index and the income distribution in the United States since 1970? Gini Index Income distribution: A. increase, more equal B. increase, less equal C. decrease, more equal D. decrease, less equal E. decrease, no change a. A b. D c. E d. B e. C

d. B

Which of the following categories of spending is the largest for state and local governments? a. Education b. Administration of justice c. Transportation d. Social services

d. Social services