________ Are the Largest Source of Tax Income Received by the Federal

question 73

Multiple Choice

________ are the largest source of tax income received by the federal government.

• A) Income taxes
• B) Property taxes
• C) Sales taxes
• D) Excise taxes

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Definitions:

Taxes Rise

An increase in the compulsory contribution to state revenue, levied by the government on workers' income and business profits, or added to the cost of some goods, services, and transactions.

Taxicabs

Vehicles for hire equipped with a driver, used by individuals or small groups to travel from one location to another for a fare.

Auto Insurance

A contract between a vehicle owner and an insurance company, providing financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

Flat Fee

A fixed charge for a service, regardless of usage or time consumed.