Which of the Following Is the Largest Source of Revenue

question 157

Multiple Choice

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

• A)the individual income tax
• B)social insurance taxes
• C)sales taxes
• D)property taxes

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Definitions:

Condo Rental

Condo Rental refers to the practice of leasing a condominium unit, which is a private residence within a larger building or complex.

Maui

A tropical island in Hawaii, known for its stunning beaches, volcanic landscapes, and rich cultural heritage.

Adverse Selection

A situation in economics where asymmetric information results in high-quality goods or services being crowded out of the market by low-quality goods or services because of the inability of buyers to distinguish between the two.

Asymmetric Information

A situation where one party in a transaction has more or better information than the other, leading to an imbalance of power.