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:

Profit Margins

A financial metric that measures the percentage of profit a company retains from its total revenue after subtracting the cost of goods sold and other expenses.

Maximum Amounts

Maximum Amounts refer to the highest possible quantities or levels that are permissible or achievable under certain conditions.

Slack

The amount of time a project task can be delayed without causing a delay to subsequent tasks or the entire project.

Profit Margins

The percentage of revenue remaining after all operating expenses, taxes, and costs are paid, indicating the profitability of a company.