Which Is the Correct Order of Importance in Terms of Revenue

question 84

Multiple Choice

Which is the correct order of importance in terms of revenue collected among the following federal taxes?

• A)(1) corporate income taxes (2) value-added taxes (3) excise taxes 
• B)(1) personal income taxes (2) corporate income taxes (3) sales taxes 
• C)(1) payroll taxes (2) personal income taxes (3) federal excise taxes 
• D)(1) personal income taxes (2) payroll taxes (3) corporate income taxes

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Definitions:

Mudflows

Rapid downhill movement of water-laden earth materials, primarily composed of fine-grained soils and clays, which can cause significant erosion and damage.

Pyroclastic Flow

A hot, fast-moving and deadly mixture of gases, ash, and volcanic material produced by explosive eruptions.

Scoria

A highly vesicular, dark colored volcanic rock that may or may not contain crystals, typically formed from the cooling of lava.

Tephra

Volcanic material ejected into the air during an eruption, including ash, bombs, and blocks, which can affect wide areas downwind of a volcano.