Answers. 100% Correct Answers (Brand New
2025/2026) RATED A+.
The state of Texas provides unemployment insurance under monies collected from which source? -
CORRECT ANS>>Payroll Taxes
Most Texans have indicated in numerous polls that they prefer which type of taxation? - CORRECT
ANS>>Regressive
What is the name of a state tax levied on a natural resource taken from the earth? - CORRECT
ANS>>Severance Tax
When does the fiscal biennium in Texas begin? - CORRECT ANS>>September 1 of odd-numbered
years
How does a budget passed by the Texas legislature differ from the federal budget? - CORRECT
ANS>>It authorizes spending for a two-year period.
So-called "sin taxes" are levies placed on what types of commodities or activities? - CORRECT
ANS>>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 ANS>>$18 billion in damages
What is another name for the state's Economic Stabilization Fund? - CORRECT ANS>>rainy day fund
In Texas, which of these provides budget makers with projected revenue levels? - CORRECT
ANS>>State Comptroller of Public Accounts
, Which method of taxation places a greater burden on lower incomes and a lighter burden on
higher incomes? - CORRECT ANS>>Regressive taxation
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 ANS>>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 ANS>>General obligation bond
Which program allows parents to lock in the cost of future tuition and fees at a state university or
college? - CORRECT ANS>>Texas tomorrow funds
Texas state government depends heavily on which type of tax to finance services? - CORRECT
ANS>>sales tax
In the 2018-2019 biennial budget, approximately what percentage of state expenditures went to
Health and Human Services funding? - CORRECT ANS>>35-40 percent
What is a problem with denying CHIP benefits to children? - CORRECT ANS>>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 ANS>>The State Auditor's Office
Which area of the state is home to the newest regional comprehensive university? - CORRECT
ANS>>the rio grande valley
Which tactic does Texas often use to balance the budget? - CORRECT ANS>>Reducing funding for
high-cost items such as Medicaid
According to the Texas Transportation Commission, what is the newest means of financing Texas
highways? - CORRECT ANS>>The use of money collected from tolls