9.2-b

What is the largest source of state revenue?

• Sales taxes

• Intergovernmental revenues

• Other revenues

• Individual income taxes

What is a sales tax?

• A tax on surplus funds

• A tax on property

• A tax on individual income

• A tax on consumer purchases

Which states do not rely on individual income taxes for revenue?

• Alaska, Nevada, Wyoming

• Florida, South Dakota, Wyoming

• South Dakota, Texas, Washington

• Alaska, Florida, Nevada

What is the second-largest source of revenue for local governments?

• Intergovernmental revenues

• Property taxes

• Utility revenues

• Sales taxes

What does the property tax primarily target?

• Real estate

• Automobiles

• Furniture

• Bank accounts

What is the third-largest source of local government revenue?

• Sales taxes

• Intergovernmental revenues

• Utility revenues

• Property taxes

What is the fourth most important source of local government revenues?

• Intergovernmental revenues

• Property taxes

• Sales taxes

• Utility revenues

What are some other revenue sources for local governments?

• Hospital fees, interest earnings, profit taxes

• Interest earnings, tuition and fees, corporate income taxes

• Income taxes, tuition and fees, corporate income taxes

• Hospital fees, income taxes, profit taxes

What do local governments rely on to fund their expenses if they spend more than they collect in revenues?

• Intergovernmental transfers

• Borrowing from investors

• Sales taxes

• Property taxes

Which level of government has the most revenue sources available?

• All levels have the same number of revenue sources

• Local government

• Federal government

• State government