What Are the Three Largest Sources of Tax Revenue for the U.S

question 36

Multiple Choice

What are the three largest sources of tax revenue for the U.S. federal government?

• A) corporate income tax, excise taxes, and Social Security/Medicare
• B) individual income tax, corporate income tax, and sales tax
• C) Social Security/Medicare, corporate income tax, and custom duties
• D) individual income tax, Social Security/Medicare, and corporate income tax

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Definitions:

Marketing

The process of promoting, selling, and distributing a product or service, including market research and advertising.

Sales

The activities involved in selling products or services, including marketing, negotiation, and transaction processes.

Coffee Shop

A retail establishment that sells coffee, tea, and often light meals or pastries, providing a social or work space for customers.

Franchise

Contractual agreement in which a franchisee gains the right to produce and/or sell the franchisor’s products under that company’s brand name if they agree to certain operating requirements.