Which of the Following Is the Largest Source of Revenue

question 116

Multiple Choice

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

• A) Corporate income tax.
• B) Payroll tax.
• C) Personal income tax.
• D) User charges.

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Definitions:

Sectoral Shifts

Changes in economic activity within or across sectors of the economy, often leading to shifts in employment and investment patterns among industries.

Temporarily Unemployment

A situation where individuals are out of work for a short period of time, often due to changes in market conditions or transitional phases between jobs.

Marginally Attached

Refers to workers who are currently not in the labor force but have looked for work in the past and are willing to take a job if one becomes available.

Labor Force

All the non-institutionalized, civilian working-age population that is employed or actively seeking employment.