13.6 Review

What is one of the most important responsibilities of the States?

• Building and maintaining highways

• Funding public health programs

• Collecting property tax

• Operating toll roads

What is the largest source of revenue for most States?

• Corporate income tax

• Sales tax

• Document transfer tax

• Personal income tax

What is the purpose of Medicaid?

• To fund public university systems

• To provide cash assistance to the poor

• To provide medical insurance to low-income families

• To enforce antipollution laws

What is the process of determining the value of property to be taxed called?

• Assessment

• Inheritance tax

• Estate tax

• Amusement tax

What is the purpose of an executive budget?

• To prepare the State's budget

• To manage the spending of the monies set aside by the legislature

• To fund public health programs

• To collect property tax

What is the purpose of an inheritance tax?

• To determine the value of property to be taxed

• To levy a tax on the full estate itself

• To provide medical insurance to low-income families

• To collect tax on the sale of various commodities

What is the purpose of a corporate income tax?

• To provide medical insurance to low-income families

• To levy a tax on the earnings of individuals and corporations

• To determine the value of property to be taxed

• To fund public university systems

What is the purpose of a document transfer tax?

• To provide medical insurance to low-income families

• To levy a tax on the sale of various commodities

• To determine the value of property to be taxed

• To tax the transfer of documents

What is the purpose of amusement tax?

• To tax on entertainment activities

• To determine the value of property to be taxed

• To levy a tax on the sale of various commodities

• To provide medical insurance to low-income families

What is the purpose of a toll road?

• To determine the value of property to be taxed

• To levy a tax on the sale of various commodities

• To provide medical insurance to low-income families

• To fund public university systems