Which of the Following Is the Largest Source of Revenue

question 255

Multiple Choice

Which of the following is the largest source of revenue for the federal government?

• A) corporate income tax
• B) payroll tax
• C) personal income tax
• D) user charges

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Definitions:

Actual Activity

The real, measured amount of work performed or the level of production achieved over a specified period of time.

Customer Service Department

A division within a company that handles inquiries, resolves issues, and maintains relationships with customers.

Variable Costs

Expenses that vary directly with the level of production or sales volume, such as raw materials and direct labor.

Fixed Costs

Expenses that do not change in total regardless of the level of production or sales volume.