GOVT 2306 Exam 3 122Questions and
Answers all Answers 100%Correctly/Verified
Answers Brand New 2024/2025 RATED A+
The state of Texas provides unemployment insurance under monies collected from which
source? - CORRECT ANSWERS Payroll Taxes
Most Texans have indicated in numerous polls that they prefer which type of taxation? -
CORRECT ANSWERS Regressive
What is the name of a state tax levied on a natural resource taken from the earth? -
CORRECT ANSWERS Severance Tax
When does the fiscal biennium in Texas begin? - CORRECT ANSWERS September 1 of odd-
numbered years
How does a budget passed by the Texas legislature differ from the federal budget? -
CORRECT ANSWERS It authorizes spending for a two-year period.
So-called "sin taxes" are levies placed on what types of commodities or activities? -
CORRECT ANSWERS Alcohol, mixed drinks, and tobacco
As a result of a lawsuit filed by the state of Texas over tobacco-related illnesses, how much
must the American tobacco industry pay the state? - CORRECT ANSWERS $18 billion in
damages
What is another name for the state's Economic Stabilization Fund? - CORRECT ANSWERS
rainy day fund
In Texas, which of these provides budget makers with projected revenue levels? - CORRECT
ANSWERS State Comptroller of Public Accounts
Which method of taxation places a greater burden on lower incomes and a lighter burden
on higher incomes? - CORRECT ANSWERS Regressive taxation
, GOVT 2306 Exam 3 122Questions and
Answers all Answers 100%Correctly/Verified
Answers Brand New 2024/2025 RATED A+
Paul won $5 million in the Texas Lottery but failed to claim his prize within 180 days after
the drawing. What will happen to his winnings? - CORRECT ANSWERS They will be used to
fund hospitals for indigent care.
What is the name for a bond whose repayment is guaranteed by the full faith and credit of
the state? - CORRECT ANSWERS General obligaion bond
Which program allows parents to lock in the cost of future tuition and fees at a state
university or college? - CORRECT ANSWERS texas tomorrow funds
Texas state government depends heavily on which type of tax to finance services? -
CORRECT ANSWERS sales tax
In the 2018-2019 biennial budget, approximately what percentage of state expenditures
went to Health and Human Services funding? - CORRECT ANSWERS 35-40 percent
What is a problem with denying CHIP benefits to children? - CORRECT ANSWERS It
involves a reduction of federal money to the state.
Which of the following determines if state agencies have spent public funds in accordance
with law? - CORRECT ANSWERS The State Auditor's Office
Which area of the state is home to the newest regional comprehensive university? -
CORRECT ANSWERS the rio grande valley
Which tactic does Texas often use to balance the budget? - CORRECT ANSWERS Reducing
funding for high-cost items such as Medicaid
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller StudyGuideSolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
