Which of the Following Is the Largest Source of Revenue

question 157

Multiple Choice

Which of the following is the largest source of revenue for the U.S.federal government?

• A)the individual income tax
• B)social insurance taxes
• C)sales taxes
• D)property taxes

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Definitions:

Interest Rate

The part of a loan that attracts interest charges for the borrower, customarily expressed as a yearly percentage of the loan's unpaid balance.

Future Value

Future value is the value of a current asset at a specified date in the future based on an assumed rate of growth over time.

Present Value

The current worth of a future sum of money or cash flows, given a specified rate of return.

Interest Rate

The percentage of a sum of money charged for its use, indicating the cost of borrowing or the return on savings.