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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. According to studies, what percent of the taxes they owed did the ultra-rich pay?
(a) 65%.
(b) 75%.
(c) 90%.
(d) 85%.

2. How much could be raised by stopping the mortgage interest deduction?
(a) $12 billion.
(b) $32 billion.
(c) $17 billion.
(d) $25 billion.

3. When the General Social Survey was conducted in 1990, what percent of Americans believed Black Americans were lazy?
(a) 37 percent.
(b) 22 percent.
(c) 58 percent.
(d) 44 percent.

4. At the time Poverty, by America was written, how much money did the U.S. lose yearly due to tax avoidance?
(a) More than $1 trillion.
(b) About $20 billion.
(c) $3 trillion.
(d) $900 million.

5. According to a study, how many poor people in America were working-age adults disconnected from the labor market for unknown reasons?
(a) 5 in 150.
(b) 15 in 300.
(c) 10 in 200.
(d) 3 in 100.

Short Answer Questions

1. In 2019, how much did the largest banks in America charge customer in overdraft fees?

2. In Chapter 6, how many American families owned property besides their primary residence?

3. After the Great Recession that began in 2008, how long did families in the bottom half of the income distribution have to wait before their incomes returned to pre-recession levels?

4. When did President Obama propose to do away with tax benefits to 529 college savings plans?

5. In a 2021 study of 100 cities, what percent of apartment dwellers were allowed to live on residential land?

Short Essay Questions

1. Why did Desmond write that middle-class families were not carrying the poor on their backs?

2. How would a mortgage have benefitted Lakia Higbee and why did she rent?

3. What challenges faced individuals who had bad credit or no credit score?

4. How did corporations avoid paying the taxes they owed?

5. What did English doctor and clergyman Joseph Townsend have to say about getting poor people to work?

6. How did many white families respond to court-ordered desegration?

7. How did Japan, Great Britain, Estonia, the Netherlands, and some other countries handle tax filing?

8. In some parts of America, what did a pricey mortgage purchased?

9. What challenges did Blacks face with banking?

10. In what way were individuals considered to be above the poverty line dependent upon the government?

(see the answer keys)

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