Which of the Following Accounts for the Largest Source of Revenue

question 30

Multiple Choice

Which of the following accounts for the largest source of revenue for the federal government?

• A)sales tax
• B)federal property tax
• C)personal income tax
• D)corporate income tax
• E)borrowing

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Definitions:

Depreciation

The accounting method of allocating the cost of a tangible asset over its useful life, reflecting its decrease in value over time.