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:

Dividend Policy

A company's strategy in deciding the size and pattern of dividend distributions to its shareholders.

Associate Entity

An entity over which an investor has significant influence, typically through ownership of between 20% and 50% of voting stock.

Equity Recognition

The process in accounting of recognizing increases in ownership interests.

Share Capital

The funds raised by a company through the issuance of shares, representing the ownership interest invested by shareholders.