Divide page 6 into a 4 square
-
Upload
lora-sherman -
Category
Documents
-
view
217 -
download
1
description
Transcript of Divide page 6 into a 4 square
FEDERAL GOV’TREVENUE EXPENDITURES
STATE GOVT (TEXAS)REVENUE EXPENDITURES
LOCAL GOV’TREVENUE EXPENDITURES
CHALLENGES
Divide page 6 into a 4 square
Federal Government Revenue
• Where does the Government get most of its revenue from?
Federal Government Expenditures
• What does the Federal Government spend MOST of its money on?
Texas Revenue• Where does Texas
get most of its revenue from?
• Who contributes to this?
Texas Expenditures• What does Texas
spend MOST of its money on?
• Does this surprise you?
Local Government Revenues
• Where does the local government get most of its revenue from?
• Who contributes to this?
Local Government Expenditures
• What does Texas spend MOST of its money on?
• How does this effect you?
Review the pie charts one more time- look at the expenditures of either the Federal, State, or Local government and decide
If you were going to run the Federal/State/Local (Pick ONE) government, what would your expenditures be?
1. Create your own pie charts with 4 for income and 6 for expenditures
2. Explain the why for each category (I & E) at the bottom. Use BECAUSE statements.
GET A STAMP! Page 7 > How would you spend
the money?
Page 4: Mixed Market Circular Flow
Vocab: List these on the back of the workbook
1.Budget deficit2.Budget
surplus3.Fiscal year4.Expenditure5.Revenue6.The ‘Fed’
7. FICA 8. IRSTax types: 7.Sales tax8.Estate tax9.Flat/proportional
tax10.Sin tax11.Payroll tax12.Property tax13.Progressive tax14.Regressive tax