Texas POL1133 Final Exam Questions
and Answers 100% Solved | Graded A+
When income _____, we purchase more goods and pay ____ taxes -
✔✔rises, more
What is the sales tax in Texas? - ✔✔6.25%
Severance Tax - ✔✔Taxes on the extracation of natural resources (Oil,
Natural gas, coal)
"Sin" Tax - ✔✔A tax on gambling, cigarettes/tobacco, alcohol
General Sales Tax - ✔✔Largest source of tax revenue; appleid to sale
price of tangible personal property purchased, leased, or rented
Progressive Tax System - ✔✔a system of taxation in which the rate paid
reflects ability to pay
Proportional Tax System - ✔✔a tax whose average tax rate remains
constant as the taxpayer's income increases or decreases
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Regressive Tax System - ✔✔a tax whose average tax rate decreases as
the taxpayer's income increases and increases as the taxpayer's income
decreases
What office or state official is required by the State Constitution to give the
legislature an estimate on revenues and expenditures for the upcoming
two-year-cycle? - ✔✔The Comptroller
Performance Based Budget System - ✔✔The allocation of funds based on
performance by a specific orginization
Interest Group - ✔✔An organization of people sharing a common interest
or goal that seeks to influence the making of public policy
Political Action Committee (PAC) - ✔✔A committee set up by a corporation,
labor union, or interest group that raises and spends campaign money from
voluntary donations
Free Rider Dilemma - ✔✔a situation in which individuals who stand to
benefit from a collective good have no incentive to contribute, thus
threatening the provision of the good
Lobbyists - ✔✔people who represent interest groups
Collective Good - ✔✔something of value that cannot be withheld from a
potential group member
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
and Answers 100% Solved | Graded A+
When income _____, we purchase more goods and pay ____ taxes -
✔✔rises, more
What is the sales tax in Texas? - ✔✔6.25%
Severance Tax - ✔✔Taxes on the extracation of natural resources (Oil,
Natural gas, coal)
"Sin" Tax - ✔✔A tax on gambling, cigarettes/tobacco, alcohol
General Sales Tax - ✔✔Largest source of tax revenue; appleid to sale
price of tangible personal property purchased, leased, or rented
Progressive Tax System - ✔✔a system of taxation in which the rate paid
reflects ability to pay
Proportional Tax System - ✔✔a tax whose average tax rate remains
constant as the taxpayer's income increases or decreases
1
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
, Regressive Tax System - ✔✔a tax whose average tax rate decreases as
the taxpayer's income increases and increases as the taxpayer's income
decreases
What office or state official is required by the State Constitution to give the
legislature an estimate on revenues and expenditures for the upcoming
two-year-cycle? - ✔✔The Comptroller
Performance Based Budget System - ✔✔The allocation of funds based on
performance by a specific orginization
Interest Group - ✔✔An organization of people sharing a common interest
or goal that seeks to influence the making of public policy
Political Action Committee (PAC) - ✔✔A committee set up by a corporation,
labor union, or interest group that raises and spends campaign money from
voluntary donations
Free Rider Dilemma - ✔✔a situation in which individuals who stand to
benefit from a collective good have no incentive to contribute, thus
threatening the provision of the good
Lobbyists - ✔✔people who represent interest groups
Collective Good - ✔✔something of value that cannot be withheld from a
potential group member
2
©JOSHCLAY 2024/2025. YEAR PUBLISHED 2024.
