The Second Largest Source of Tax Revenue for the Federal

question 146

Multiple Choice

The second largest source of tax revenue for the federal government is

• A)payroll taxes
• B)the personal income tax
• C)the corporate income tax
• D)excise taxes
• E)the sales tax

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Definitions:

Contribution Margin

The difference between the sales revenue of a product and the variable costs associated with its production and sales.

Unit Contribution Margin

The amount that the sale of one unit contributes towards covering fixed costs, calculated as the sales price per unit minus variable costs per unit.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Advertising Campaign

A series of advertisement messages that share a single idea and theme intended to achieve specific business objectives.