The Largest Source of Revenue for the State Is the

question 21

Multiple Choice

The largest source of revenue for the state is the

• A)personal income tax.
• B)sales tax.
• C)lottery.
• D)corporate tax.

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Definitions:

Intermediary

A person or organization that acts as a mediator or agent between parties, especially in a business or financial transaction.

Ownership

The legal right to possess, use, and dispose of something; often refers to the possession of assets.

Retailer

A business or entity that sells goods or commodities directly to consumers, usually in small quantities and from a fixed location, storefront, or online platform.

Ultimate Consumer

The final purchaser of a product or service who does not intend to resell it but uses it for personal use or consumption.