Asked by
Sofia Guzman
on Dec 12, 2024Verified
Which of the following provides the bulk of revenue for the federal government?
A) corporate income taxes and grants from state and local governments
B) personal income and payroll taxes
C) user charges and funds borrowed from the general public
D) corporate income and sales taxes
Revenue
The total income generated from the sale of goods or services before any expenses are subtracted.
Federal Government
The national government of a federal state, which shares sovereignty with subnational governments such as states or provinces.
User Charges
Fees paid directly for the use of public goods or services by the individuals or entities that use them.
- Identify the main sources of federal government revenue and their relative significance.
Verified Answer
MJ
Learning Objectives
- Identify the main sources of federal government revenue and their relative significance.