Asked by SIMNIKIWE MASIKITI on May 14, 2024
Verified
Which tax is the LARGEST source of federal government revenue?
A) sales
B) property
C) individual income
D) death
Federal Government
the national government of a federal state, which shares power with regional or state governments under a system of federalism.
Individual Income
The total amount of money earned by a person from all sources before taxes.
- Define the chief sources of revenue at the federal and state governmental levels.
Verified Answer
MA
Marcos AguirreMay 18, 2024
Final Answer :
C
Explanation :
Individual income tax is the largest source of federal government revenue, providing about half of the government's income.
Learning Objectives
- Define the chief sources of revenue at the federal and state governmental levels.