Which Source of Tax Revenue Is the LARGEST One for the U.S

question 94

Multiple Choice

Which source of tax revenue is the LARGEST one for the U.S. federal government?

• A) personal income taxes
• B) corporate profit taxes
• C) sales taxes
• D) social insurance taxes

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Definitions:

Undervalued Equipment

Equipment whose market value is higher than its book value or valuation on financial statements, suggesting it may be worth more than it appears.

Non-Controlling Interest

A share in the equity and profits of a subsidiary that are not owned by the parent company.

Goodwill Impairment

A write-down that occurs when the fair value of a company's goodwill asset is less than its recorded (carrying) cost, indicating a decline in the value of acquired businesses.

Net Increase

The difference between the current and previous period's amounts, indicating growth when positive.