The Largest Source of Government Revenues Is ________

question 10

Multiple Choice

The largest source of government revenues is ________.

• A) personal income taxes
• B) indirect taxes
• C) corporate income taxes
• D) social security taxes

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Definitions:

PST

PST stands for Provincial Sales Tax, which is a tax levied by individual provinces in Canada on the sale of goods and services.

Property Taxes

It is a levy imposed by a government on a property owner, usually based on the value of the property.

Mill Rate

The amount of tax payable per dollar of the assessed value of property, used in calculating property taxes.

Assessed

Evaluated or estimated, often in the context of determining the value for tax purposes.