Asked by Courtnie Marie on Jun 04, 2024
Verified
Which statement is false?
A) About seven percent of federal government spending goes toward interest on the national debt.
B) Over eighty percent of local taxes comes from property taxes.
C) The federal government will spend over $3.8 trillion this fiscal year.
D) None of these statements is false.
National Debt
The complete monetary sum borrowed by a nation's executive body through various sources.
Federal Government Spending
The total expenses incurred by the national government on various services, infrastructure, debt interest, and public welfare programs.
Local Taxes
Taxes imposed by local governments, such as cities or counties, used to fund public services like education, police, and infrastructure.
- Comprehend the duties and obligations of state and local governments, including their fiscal limitations.
- Pinpoint the main contributors to tax revenue for both federal and state governments and their significance.
Verified Answer
ZK
Zybrea KnightJun 07, 2024
Final Answer :
D
Explanation :
All the statements provided are true based on various sources and reports on government spending and taxation. The percentage of federal spending on national debt interest, the proportion of local taxes derived from property taxes, and the total federal government spending are accurate reflections of financial statistics at different points in time.
Learning Objectives
- Comprehend the duties and obligations of state and local governments, including their fiscal limitations.
- Pinpoint the main contributors to tax revenue for both federal and state governments and their significance.