Which of the Following Is NOT True Regarding Trends in State

question 43

Multiple Choice

Which of the following is NOT true regarding trends in state and local revenues?

• A)Federal revenues sent to the states play a larger role in state budgets than 60 years ago.
• B)States now collect about twice as much of their overall revenues from income taxes than 60 years ago.
• C)States have not been as reliant on fees and charges to fill out their revenue portfolios since the 1980s.
• D)A much smaller proportion of state revenue is now generated by selective sales taxes on gasoline.

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Definitions:

Good Faith

An implied promise to act honestly and not take unfair advantage in transactions.

Primarily Liable

Refers to the party or entity that bears the main responsibility in fulfilling an obligation or debt, without dependence on the failure of another party.

Personal Defenses

Legal defenses used in a lawsuit that are specific to the defendant, often relating to the contract's validity or terms.

Fraud in the Inducement

A deceitful act causing someone to enter into an agreement or contract by misrepresenting material facts or intentions.