The Tax That Generates the Most Revenue for State and Local

question 65

Multiple Choice

The tax that generates the most revenue for state and local government is the

• A)corporate income tax.
• B)individual income tax.
• C)property tax.
• D)sales tax.

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Definitions:

Pacific Halibut

A species of flatfish found in the North Pacific Ocean, known for being a significant source of seafood.

TAC System

A system or method, but without further context, it's unclear as there are multiple uses of this abbreviation.

Fishing Trips

Recreational or commercial outings that involve the catching of fish as the primary activity.

Predetermined Amount

A specific quantity or value that has been established in advance.