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brennarfa
brennarfa
01.05.2021 • 
History

HELP ME ON THIS PLEASE GUYS!!! 1.) Which of the following statements about grants is true?

a.) Grants have to be paid back within 12 months.

b.) Grants are given to help state and local governments pay for roads and education.

c.) Grants are used to fund Social Security programs.

d.) All of these choices are correct.

2.) The four main areas on which the U.S. government spends money are:

a.) payments to individuals, national defense, net interest, and grants.

b.) minimum wage payments, bond interest, national defense, and housing.

c.) net interest, military housing, entertainment, and food.

d.) minimum wage payments, entertainment, national defense, and grants.

3.) The ability-to-pay principle argues that:

a.) all individuals should pay the same amount of taxes.

b.) lower income individuals should pay less taxes than higher income individuals.

c.) people should be charged loan interest based on their incomes.

d.) None of these choices are correct.

4.) The U.S. government spends the least amount of money on:

a.) disability payments.

b.) retirement payments.

c.) health care payments.

d.) public transportation.

5.) In a proportional tax system, if an individual who makes $100,000 a year pays 25% in taxes, someone who makes $25,000 a year would pay:

a.) no taxes.

b.) 1% in taxes.

c.) 15% in taxes.

d.) 25% in taxes.

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