Chapter 14 Taxes and Government Spending

You're looking forward to your first paycheck. You figure that at $6.00 per hour, you should be getting $120 for the 20 hours you worked. When you open the envelope, you find that the check is for much less than $120. Where did the money go? The answer is … taxes! The government uses tax money to pay for social programs, national defense, and a variety of other programs and projects, including disaster relief.


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Table of Contents

Economics: Principles in Action Unit 1 Introduction to Economics Unit 2 How Markets Work Unit 3 Business and Labor Unit 4 Money, Banking, and Finance Unit 5 Measuring Economic Performance Unit 6 Government and the Economy Unit 7 The Global Economy Reference Section