Examlex
Match the options below with the correct phrases:
-formal team
Federal Tax Revenue
The income collected by the federal government mainly through taxes such as income tax, corporate tax, and excise duties.
Personal Income
The total amount of income received by an individual or household from all sources, including but not limited to wages, salaries, dividends, and rental income, before any taxes or deductions.
Corporate Income
is the total profit that a company generates from its operations, after expenses and taxes are subtracted from total revenue.
Transfer Payments
Payments made by the government to individuals without any expectation of a good or service being provided in return, such as pensions or welfare benefits.
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