Asked by Jakayla Richburg on May 07, 2024
Verified
In 2014, what were the two largest sources of federal tax revenues, and what were the two largest expenses of the federal government?
Federal Tax Revenues
Money collected by the government from taxes imposed on individuals and businesses that is used to fund public services and programs.
- Specify the main sources and classifications of federal tax income.
Verified Answer
HJ
Hailey JackolaMay 14, 2024
Final Answer :
In 2014, individual income taxes and social insurance taxes were the two largest sources of federal tax revenues. Income security and health were the two largest categories of federal government expenditures in 2014.
Learning Objectives
- Specify the main sources and classifications of federal tax income.
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