Of the Following Sources of Tax Revenue for State and Local

question 130

Multiple Choice

Of the following sources of tax revenue for state and local governments, which was the smallest in 2014?

• A)sales taxes.
• B)the corporate income tax.
• C)the property tax.
• D)the individual income tax.

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Definitions:

Unequal Economic Distribution

The uneven allocation of economic resources and wealth among individuals or groups within a society, often leading to disparities in living standards and opportunities.

Consumers

Individuals or groups who purchase goods and services for personal use, playing a key role in the economic system through their demand for products.

Global Segmentation

The process of dividing the world market into distinct subsets of customers who share common needs or characteristics, allowing for targeted marketing strategies.

Targeting

The process of identifying and focusing on specific segments of the market that a company views as potential customers for its products or services.