Which of the Following Forms of Taxation Accounts for the Largest

question 164

Multiple Choice

Which of the following forms of taxation accounts for the largest share of taxes received by state and local governments?

• A) sales, excise, and gross receipts taxes
• B) personal and corporate income taxes
• C) license and permit fees
• D) property taxes

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Definitions:

Collagen Fibers

Strong, fibrous proteins that are a major component in skin, bone, tendons, and other connective tissues.

Epiphysis

The end part of a long bone, initially growing separately from the shaft and later fusing with it, involved in joint formation.

Periosteum

A thick layer of blood vessel-rich connective tissue that surrounds the bones, except where the joints are located.

Lacunae

Small cavities in bone or cartilage tissue that house cells (osteocytes, chondrocytes), providing them with space to reside and function.