TAMU Pols 207 Smith: Final Questions and Answers | Latest Update
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Module
TAMU POLS 207
Institution
TAMU POLS 207
Gross Domestic Product
-:- The total value of all the goods and services produced in the United States in
a year; a measure of the size of the U.S. economy.
Tax Burden
-:- whoever has to pay the larger amount of the tax has this
The rich
-:- Who pays more in a progressive tax?
The poor
...
✓ -:- Schools operated with public funds by private community groups under a
charter from public school districts or others granting agency.
Tenure
✓ -:- Faculty members for three to seven years can't be fired except for a legit
cause
Poverty Rate
✓ -:- The percentage of the population whose annual cash income falls below that
which is required, according to federal government, to maintain a decent standard of
living.
Payroll Tax
✓ -:- Tax that is levied on and withheld from an employee's wages.
Medicare
✓ -:- Federal health insurance for the aged.
Medicaid
✓ -:- Federal aid to the states to provide health insurance for the poor.
Progressive Taxes
2|P a g e | G r a d e A + | 2 0 2 0 2 5
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