Question 1
Which of the following is a tax expenditure?
◦ appropriations bills
◦ authorization bills
◦ lower tax rates for stock and real estate profits
◦ estate taxes
Question 2
Which of the following is an excise tax?
◦ tax levied on corporate income
◦ tax levied on personal income
◦ tax levied on the consumption of a certain good
◦ tax levied on the top 2 percent of income earners