What Are the Two Largest Sources of Tax Revenue for Texas

question 4

Multiple Choice

What are the two largest sources of tax revenue for Texas municipalities?

• A) Sales tax and property tax
• B) Income tax and excise tax
• C) Tariffs and sales tax
• D) Property tax and income tax
• E) User fees and franchise tax

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Definitions:

Full-Floating Axle

A type of axle design where the wheel hub and bearings carry the vehicle's weight, offering improved strength and durability, especially in heavy-duty applications.

Wheel End

Term used to describe the axle spindle and bearing used to mount a wheel assembly to an axle. Wheel end procedure refers to the means used to adjust the bearing endplay or mount preset hub assemblies onto the axle.

Axle Shaft

A key component of a vehicle's drive system, transmitting torque from the differential to the wheels, allowing them to rotate and propel the vehicle forward.

Hypoid Gearsets

A type of gear configuration where the gear axes are not parallel or intersecting, commonly used in the differentials of vehicles for efficient power transfer.