What does the federal government do with your money? Take our taxes quiz.

Ann Hermes/The Christian Science Monitor/File
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It seems there’s no end of taxes – and of debate about what the federal government does with all the money it collects. Whether you’re wrestling with Form 1040 or baffled by the latest debate in Washington over the national debt, here's at least a little relief. Test your knowledge of America’s fiscal behavior with this quiz. It won't cost you a dollar or add a dime to the deficit – and what you don't know you'll learn from the included answers!

By , Staff writer

1. An excise tax is a levy on the purchase of a specific good or service. Which of the following items are subject to a federal excise tax?

Excise taxes contributed 3 percent of federal revenues in 2011, more than the estate tax (less than 1 percent of receipts).

Excise taxes contributed 3 percent of federal revenues in 2011, more than the estate tax (less than 1 percent of receipts).

Excise taxes contributed 3 percent of federal revenues in 2011, more than the estate tax (less than 1 percent of receipts).

Excise taxes contributed 3 percent of federal revenues in 2011, more than the estate tax (less than 1 percent of receipts).

Gasoline

 

Indoor tanning

 

Tobacco

 

All of the above

 
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