Ranked from Largest to Smallest, the Four Main Sources of Federal

question 273

Multiple Choice

Ranked from largest to smallest, the four main sources of federal tax revenue are

• A) personal income tax; indirect taxes; Social Security taxes; corporate income tax.
• B) personal income tax; Social Security taxes; corporate income tax; indirect taxes.
• C) corporate income tax; personal income tax; Social Security taxes; indirect taxes.
• D) personal income tax; corporate income tax; indirect taxes, Social Security taxes.

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Definitions:

Market Share

Market share is the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Sherman Act

A foundational antitrust law in the United States that prohibits monopolistic practices and cartels, aiming to preserve fair competition.

Contracts

Legally binding agreements between two or more parties that create mutual obligations.

Sherman Act

The Sherman Act is a landmark federal statute in the field of U.S. antitrust law passed by Congress in 1890, which prohibits monopolistic business practices and promotes competition.