The Largest Source of Revenue for the Federal Government Is__________

question 245

Multiple Choice

The largest source of revenue for the federal government is__________ and the largest outlay is for__________

• A) personal income taxes; Medicare
• B) personal income taxes; interest on national debt
• C) personal income taxes; transfer payments
• D) corporate taxes; Social Security

---

Definitions:

Sandwich Generation

A term describing individuals who care for their aging parents while supporting their own children.

Aging Parents

The phase in an individual's and their parents' lives where the parents undergo the natural process of aging, often requiring more care and support.

Chromosomal Abnormalities

Changes in the structure or number of chromosomes in a cell, which can lead to a variety of genetic disorders or physical abnormalities.

Pregnant Women

Females in the state of carrying a developing fetus within their body, typically lasting around 40 weeks from the last menstrual period to childbirth.