Exam (elaborations)
Texas Government 2306 - Exam 3.
- Course
- Institution
Texas Government 2306 - Exam 3.
[Show more]
Seller
Follow
Tutormodock
Content preview
Texas Government 2306 - Exam 3Fiscal policy is a public policy which concerns what area?
A. Taxing
B. Government spending
C. Public Debt
D. Management of government money
E. All of the above - correct answer-Fiscal policy is a public policy which concerns what
area?
E. All of the above
Fiscal policy covers taxing, govt spending, public debt and management of govt money.
T or F
Texas government adopts a biennial budget. - correct answer-TRUE
Since the legislation only meets biennial, they must adopt a budget which covers the two
years.
The Comptroller certified how much in the 2013-2015 Budget?
A. $150 Billion
B. $101 Billion
C. $208 Billion
D. $112 Billion - correct answer-The Comptroller certified how much in the 2013-2015
Budget?
C. $208 Billion
There was $101 Billion identified for General Purpose spending
$112 Billion is the Federal Funding in the 2013 Budget.
T or F
Texas has a pay as you go government spending program. - correct answer-TRUE
Texas has a pay as you go government spending program which requires a balanced
budget.
The comptroller certifies the biennial income.
What is required in each chamber to override the comptrollers certified income amount?
, A. 2/3 approval and a new revenue source
B. Majority approval and a new revenue source
C. 4/5 approval and a new revenue source
D. Only the governor has the power to override. - correct answer-What is required in each
chamber to override the comptrollers certified income amount?
C. 4/5 approval and a new revenue source
T or F
Texas Income Tax is the majority of income for the state. - correct answer-FALSE
Texas does not have a state income tax.
Which best describes Texas?
A. Low Service, Low Tax state
B. High Service, High Tax state
C. Low Service, High Tax state
D. High Service, Low tax state - correct answer-Which best describes Texas?
A. Low Service, Low Tax state
Texas has low taxes because we do not have high service, such as police, etc... If Texas
wants more services, we will need to raise taxes.
Compared to other states, Texas has a relatively _______ property and sales tax?
A. Low
B. High
C. Average - correct answer-Compared to other states, Texas has a relatively _______
property and sales tax?
B. High
Texas is the 10th highest sales tax (6.25%) in the nation, property taxes are high due to no
income tax.
T or F
Texans pay less taxes compared to people in most other states. - correct answer-TRUE
State taxes per capita rank texas #48
Local Taxes at #13
Overall, Texas ranks #32 in taxes.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutormodock. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
53022 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now