Question 1

How many states do not have any form of personal income tax?

Accepted Answer

A)   2
B)   7
C)   13
D)   19E) All of the above
F) A) and D)

Question 2

Almost three-quarters of the states that do not have a personal income tax system are

Accepted Answer

A)   among the "Terrible Ten."
B)   progressive in their overall tax system.
C)   in the Old South.
D)   on the east coast.E) B) and C)
F) A) and C)

Question 3

What is the primary point missed by the per capita tax measure?

Accepted Answer

A)   tax exporting
B)   tax base
C)   tax effort
D)   tax capacityE) All of the above
F) None of the above

Question 4

Compare and contrast benefit-based taxes and taxation based on the ability to pay.

Accepted Answer

Benefit-based taxes and taxation based o...

Question 5

The greatest source of nontax revenue in Texas comes from

Accepted Answer

A)   fees, fines, licenses, and penalties.
B)   lottery income.
C)   interest income.
D)   land income.E) A) and D)
F) B) and C)

Question 6

Define income-elastic taxes.Discuss how Texas's tax base affects the state's tax revenues.

Accepted Answer

Income-elastic taxes are taxes that gene...

Question 7

Which of the following categories of taxes contributed the most to the Texas treasury in 2011-2012?

Accepted Answer

A)   oil and natural gas production
B)   franchise
C)   motor vehicle sales and rental
D)   salesE) A) and D)
F) B) and C)

Question 8

What are the two primary sources of revenue for local government in Texas?

Accepted Answer

A)   property tax and state grants
B)   block grants and local sales tax
C)   local sales tax and property tax
D)   income tax and state sales taxE) A) and B)
F) B) and C)

Question 9

In a comparison of the 15 most populous states,where did Texas rank in the amount of revenue raised per $1,000 of personal income?

Accepted Answer

A)   It was the median.
B)   highest
C)   near the lowest
D)   near the highestE) All of the above
F) None of the above

Question 10

Health and human services is funded primarily with

Accepted Answer

A)   property taxes.
B)   the lottery.
C)   special excise taxes.
D)   federal grants.E) A) and C)
F) C) and D)

Question 11

Explain how the selective use of sales tax in Texas contributes to the regressive nature of its tax structure.

Accepted Answer

The selective use of sales tax in Texas ...

Question 12

Which category of Texans,by income,pays the lowest amount of sales and excises taxes as a percentage of income?

Accepted Answer

A)   lowest 20%
B)   second lowest 20%
C)   middle 20%
D)   second highest 20%E) B) and C)
F) A) and D)

Question 13

About 60% of the money that Texas receives from the federal government is spent on

Accepted Answer

A)   health and human services.
B)   public safety.
C)   education.
D)   transportation.E) A) and B)
F) A) and C)

Question 14

Which of the following states had the highest taxable resources per capita in 2011?

Accepted Answer

A)   Texas
B)   Florida
C)   California
D)   South CarolinaE) A) and D)
F) None of the above

Question 15

When the price of oil experiences a prolonged price increase,

Accepted Answer

A)   the Texas economy improves and Texas state revenues increase.
B)   the Texas economy improves and Texas state revenues decrease.
C)   the Texas economy suffers and Texas state revenues increase.
D)   the Texas economy suffers and Texas state revenues decrease.E) C) and D)
F) A) and D)

Question 16

Local governments collect and pay for ________ the cost of government in Texas.

Accepted Answer

A)   about one-quarter
B)   about one-third
C)   about one-half
D)   about three-quartersE) None of the above
F) C) and D)

Question 17

What are the main suggestions for increasing government revenue? Pick two and discuss the pros and cons of each.

Accepted Answer

The main suggestions for increasing gove...

Question 18

Which of the following is the measure of the wealth of a state or its ability to raise revenues relative to all other states?

Accepted Answer

A)   tax exporting
B)   tax base
C)   tax effort
D)   tax capacityE) B) and D)
F) None of the above

Question 19

A sales tax,especially when food and medicine are subject to the tax,can be described as what type of tax?

Accepted Answer

A)   business
B)   regressive
C)   progressive
D)   point of purchaseE) A) and B)
F) A) and C)

Question 20

For fiscal year 2015,the Texas state budget was about $___ billion.

Accepted Answer

A)   37
B)   64
C)   100
D)   134E) B) and C)
F) All of the above

Exam 12: Financing State Government

For fiscal year 2015,the Texas state budget was about $___ billion.

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About 60% of the money that Texas receives from the federal government is spent on

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What are the two primary sources of revenue for local government in Texas?

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A sales tax,especially when food and medicine are subject to the tax,can be described as what type of tax?

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What is the primary point missed by the per capita tax measure?

Correct AnswerverifiedShow Answer

Which of the following categories of taxes contributed the most to the Texas treasury in 2011-2012?

Correct AnswerverifiedShow Answer

When the price of oil experiences a prolonged price increase,

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The greatest source of nontax revenue in Texas comes from

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How many states do not have any form of personal income tax?

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Which of the following states had the highest taxable resources per capita in 2011?

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Local governments collect and pay for ________ the cost of government in Texas.

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Which category of Texans,by income,pays the lowest amount of sales and excises taxes as a percentage of income?

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Which of the following is the measure of the wealth of a state or its ability to raise revenues relative to all other states?

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What are the main suggestions for increasing government revenue? Pick two and discuss the pros and cons of each.

Correct AnswerAnswered by ExamLex AIThe main suggestions for increasing gove...View AnswerShow Answer

Compare and contrast benefit-based taxes and taxation based on the ability to pay.

Correct AnswerAnswered by ExamLex AIBenefit-based taxes and taxation based o...View AnswerShow Answer

Health and human services is funded primarily with

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Define income-elastic taxes.Discuss how Texas's tax base affects the state's tax revenues.

Correct AnswerAnswered by ExamLex AIIncome-elastic taxes are taxes that gene...View AnswerShow Answer

Explain how the selective use of sales tax in Texas contributes to the regressive nature of its tax structure.

Correct AnswerAnswered by ExamLex AIThe selective use of sales tax in Texas ...View AnswerShow Answer

In a comparison of the 15 most populous states,where did Texas rank in the amount of revenue raised per $1,000 of personal income?

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Almost three-quarters of the states that do not have a personal income tax system are

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The main suggestions for increasing gove...
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Benefit-based taxes and taxation based o...
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Income-elastic taxes are taxes that gene...
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The selective use of sales tax in Texas ...
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