A Pop Quiz from the Professor !

1) A married couple with two children and an income of $42,850 will lose:
a) $6,150 in income taxes and $0 in payroll taxes
b) $4,100 in income taxes and $768 in payroll taxes
c) $0 in income taxes and $6,556 in payroll taxes

2) President Bush and the Republican and Democratic Congresses have increased domestic spending by more than any President since
a) Bill Clinton
b) Richard Nixon
c) at least Lyndon Johnson

3) President Bush and the Republican Congress have overspent, resulting in how much additional government debt (and future taxes) for the average family of four.
a) $0
b) $8,000
c) $26,000

4) The average rate of return for “investments” into Social Security (after inflation) is
a) 6.5%
b) 4.9%
c) 1.2%

5) Average spending per student in the government-run elementary and secondary schools is:
a) $5,000
b) $8,000
c) $10,000




Correct Answer to all Questions:  C
What Grade would you give your Congressmen (past and present)? _____