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The Two Types of Taxes That Are Most Important to State

question 61

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The two types of taxes that are most important to state and local governments as sources of revenue are


Definitions:

Contractual Obligation

A duty, promise, or performance that is legally binding under a contract.

Frustrated

Feeling upset or annoyed as a result of being unable to change or achieve something.

Performance

The accomplishment of a task or duty in accordance with a contract, including the delivery of goods or services.

Full Satisfaction

The complete fulfillment or settlement of a debt, obligation, or another requirement.

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