The Largest Source of Revenues for the Federal Government Comes

question 13

Multiple Choice

The largest source of revenues for the federal government comes from

• A)individual income taxes.
• B)corporate income taxes.
• C)Social Security and Medicare taxes (FICA).
• D)estate and gift taxes.

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Definitions:

Less Developed Countries

Nations with lower living standards, undeveloped industrial bases, and low Human Development Index (HDI) relative to other countries.

Annual Rate

A rate of interest, growth, or performance measured over a twelve-month period.

Food Supply

The total amount of food available to feed a population, encompassing production, distribution, and stocks of foodstuffs.

Thomas Malthus

An English cleric and scholar influential in the fields of political economy and demography, best known for his theory that population growth would outpace agricultural production leading to famine.