Ch 12

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When federal expenditures exceed the federal tax revenues, how does the government fund the deficit

By borrowing money through sales and bonds

When I tax becomes a disincentive to have to work, The resulting reduction in the productivity is a form of

Deadweight loss

Which of these sources of government revenue best illustrates the benefits received approach to tax quality

Hey driver deposits coins in a parking meter

Which of these questions measures the efficiency of tax system

How much of the tax gets into the public treasury?

Which of these taxes is the leading source of revenue for the federal government

Individual income tax

Which of these is a progressive tax

Luxury tax

Most sales taxes are a regressive because

Poor tax payers spend a large portion of their income on tax able goods and services then do wealthier taxpayers

How do you state and local government's typically generate revenue to pay for education, law-enforcement, and fire protection services

Property, and sales taxes

To calculate the amount of text you multiply the tax base for the tax

Rate

The Internal Revenue Service routinely collects taxes from employees there a system of

Withholding


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