The Largest Portion of ________ Comes from the Individual Income

question 243

Multiple Choice

The largest portion of ________ comes from the individual income tax.

• A) federal government revenues
• B) state revenues
• C) local municipality revenues
• D) All of the above are correct.

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Definitions:

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, and bank deposits.

Current Account

A component of a country's balance of payments that measures the trade of goods and services, net earnings on investments, and transfer payments.

Tangible Products

Physical items that can be seen, touched, and used, as opposed to services or digital goods.

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation, a creditor relationship with a governmental body or corporation, or rights to ownership as represented by an option.