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.

---

Definitions:

Cash Acquisition

A method of purchasing a company or asset where the buyer uses cash as the form of payment rather than stocks or other forms of payment.

Equity-Financed

Refers to the way of raising funds for business activities by selling ownership stakes in the company, rather than borrowing money.

Post-Merger

The period following the completion of a merger or acquisition, during which integration and restructuring processes occur.

Purchase Accounting Method

An accounting method used in mergers and acquisitions to allocate the purchase price to the acquired assets and liabilities.