In 2014, the Largest Source of Receipts for State and Local

question 11

True/False

In 2014, the largest source of receipts for state and local governments was corporate income taxes.

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Definitions:

Payroll Tax

Monetary charges on employers or their employees, usually reckoned as a share of the salaries given to staff.

Welders

Professionals skilled in joining metal parts together by melting and fusing them using various welding techniques.

Machinists

Skilled workers who operate machine tools to fabricate parts and instruments.

Labor Supply

The total hours that workers wish to work at a given wage rate, in a given time period.