Asked by Jamie Hinkle on May 09, 2024
Verified
What are the two largest categories of federal tax receipts?
Federal Tax Receipts
The revenue collected by the federal government from various taxes like income tax, corporation tax, and other levies.
- Describe the primary sources and categories of federal tax receipts.
Verified Answer
LD
Laneil DavenportMay 10, 2024
Final Answer :
individual income taxes (43 percent of 2011 federal tax receipts) and social insurance taxes (36 percent of 2011 federal tax receipts)
Learning Objectives
- Describe the primary sources and categories of federal tax receipts.
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