Which of the Following Statements About K-12 Education Spending Is

question 66

Multiple Choice

Which of the following statements about K-12 education spending is most accurate?

• A)The vast majority of spending for K-12 education comes from the state and local governments,while the federal government contributes a relatively small amount.
• B)The vast majority of spending for K-12 education comes from the federal government and local governments,while state governments contribute a relatively small amount.
• C)All spending for K-12 education comes from the federal government.
• D)All spending for K-12 education comes from state governments.

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Definitions:

Federal Spending

Expenditures by the federal government on programs, services, and operations, including everything from military funding to social security benefits.

Income in Taxes

refers to the portion of individuals' or businesses' earnings that is paid to the government as tax.

Corporate Income Taxes

Taxes imposed on the income or profit of corporations by the government.

Revenue

The combined income stemming from a firm's core operations through selling products or offering services.