Tax revenues lost to the federal government because of exemptions, exclusions, deductions, and special treatments in tax laws are called __________
a. tax evasion
b. tax expenditures
c. tax avoidance
d. loop holes
Answer: b
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A tax deduction is
a. a reduction in taxes to zero. b. an expenditure that can be subtracted from income before figuring the taxes owed. c. the same as a tax exemption. d. a type of monetary policy. e. the amount a taxpayer pays in Social Security taxes in a given year.
Which of the following is true of Texas labor laws?
A. Laws prohibit any requirement that employees pay agency fees to the union as a condition of employment. B. Texas eliminated its right-to-work laws as a means of reducing union influence. C. Employees in Texas that opt out of paying union dues are not allowed to enjoy the benefits of collective bargaining. D. Labor laws in Texas are generally pro-union, on average, but do contain some pro-business restrictions on labor.
Property taxes are the major source of revenue for virtually all of the following governments except
A) national government. B) special districts. C) cities. D) counties.
Government's role is to balance economic growth with environmental protection by regulating polluters in a sustainable manner
a. True b. False Indicate whether the statement is true or false