Introduction to Taxation, Government Spending, and Economic Development

A quiz covering the basics of taxation, government spending, and their impact on economic development.

Olivia Smith

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Introduction to Taxation, Government Spending, and Economic DevelopmentQuestionWhich of the following amendments to the U.S. Constitution legalized the income tax?Question 1 answersa.12th Amendmentb.14th Amendmentc.16th Amendmentd.18thAmendmentAnswer: c. 16th AmendmentQuestion 2Which of the following is NOT one of the characteristics of a good tax?Question 2 answersa.simplicityb.efficiencyc.equityd.reliabilityAnswer: d. reliabilityQuestion 3The federal income tax is which type of tax?Question 3 answersa.progressiveb.regressivec.proportionald.atypicalAnswer: a. progressiveQuestion 4FICA taxes fund which of the following large government programs?Question 4 answersa.Social Security and Medicaid

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