Which Tax Generates Most of the Revenue Collected in the United

question 28

Multiple Choice

Which tax generates most of the revenue collected in the United States by the federal government?

• A)Property tax
• B)Income tax
• C)Sales tax
• D)Import duty

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Definitions:

Listing

The act of registering a company's shares on a stock exchange, enabling public trading.

Free Advertising

Marketing exposure a company gains without incurring any direct expense, often through word-of-mouth or viral content.

Household Wealth

The net value of all assets owned by members of a household, including property, investments, and cash, minus liabilities.

Price Level

The mean price point of all goods and services within the economic framework.