The Largest Source of Revenue for the Federal Government of the United

question 211

Multiple Choice

The largest source of revenue for the federal government of the United States is from

• A)tariffs collected on imported goods.
• B)property taxes imposed on private property.
• C)sales taxes on items purchased for consumption.
• D)individual income taxes.

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Definitions:

Roof Tiles

Specially designed pieces, typically made of clay, concrete, metal, or synthetic materials, used to cover roofs.

Destination Contract

A contract specifying that the seller will bear the risk and the cost of delivering goods to a specific location.

Shipment Contract

A contractual agreement where the seller is obligated to transport goods to a specific destination, with risk passing to the buyer when the goods are delivered to the carrier.

F.O.B. Hilltop Farm

A shipping term indicating that the buyer assumes responsibility for the goods once they are shipped from Hilltop Farm.