The Largest Source of Local Government's Revenue Is the Sales

question 126

True/False

The largest source of local government's revenue is the sales tax.

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Definitions:

Obligor

A party that is bound by a legal obligation to another, known as the obligee.

Consent

Consent is the voluntary agreement to or approval of a proposal or action, typically after having knowledge of relevant facts and implications.

Lessee

A person or entity who leases or rents property from another called the lessor.

Patent Holder

An individual or entity that legally owns the rights to an invention as recognized by a patent.