The statements and terms below describe how the federal government gets and spends its money. Choose the correct term from each drop-down menu to describe the statements. Continue to Part 2 or, to assess your answers, click the Check My Answers button at the bottom of the page.
- Correct.
- Correct.
- Correct.
- Correct.
- Correct.
Use the pie chart below titled "Income" to match the taxes listed to the percentage they contribute to federal revenue. Continue to Part 3 or, to assess your answers, click the Check My Answers button at the bottom of the page.
- Correct.
- Correct.
- Correct.
- Correct.
Use the pie charts from Part 2 to answer the questions. Indicate whether each of the statements below is true or false by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
- The largest federal outlay is for defense.
- Social Security and other retirement accounts for 33 percent of the federal spending.
- Personal Income Tax accounts for the greatest tax revenue.
- More government dollars are spent on law enforcement than on defense.
- Corporate Income Tax makes up 7 percent of the federal revenue.
