In 1991,in Order to Increase State Revenue,voters in Texas Approved

question 32

Multiple Choice

In 1991,in order to increase state revenue,voters in Texas approved

• A) charging tuition for students to attend state universities.
• B) a state general sales tax.
• C) the Texas income tax.
• D) the Texas lottery.
• E) high cigarette and alcohol taxes.

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Definitions:

Taxable Income

The portion of income upon which tax is owed, calculated by subtracting allowable deductions from gross income.

Married Taxpayers

Individuals who are married and may choose to file joint or separate income tax returns.

Filing Jointly

A tax filing status that allows married couples to file their taxes together, combining their income and deductions, potentially leading to lower tax liability.

Tax Credit

An amount subtracted from the income tax owed; the most popular credits are the Child Care Tax Credit and the Earned Income Credit.