Of the Following,the Largest Source of Revenue for the Federal

question 156

Multiple Choice

Of the following,the largest source of revenue for the federal government is

• A)transfers from state and local governments.
• B)revenue from the sale of public lands.
• C)the lotteries.
• D)personal income tax.
• E)corporation income tax.

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Definitions:

Firm Offer

A binding offer stating in writing how long it is to remain open that cannot be revoked during that period by the offeror.

Guaranteed Price

A price assured by one party to another, often used in contracts to specify the minimum payment that will be received for goods or services.

Confirmation Letter

A written communication that verifies and confirms the details of a previous agreement or conversation.

Oral Agreement

An agreement between parties that is made through spoken words and is legally binding though not recorded in written form.