________ Is/are the Largest Source of Revenue Collected by the Federal

question 29

Multiple Choice

________ is/are the largest source of revenue collected by the federal government.

• A)Corporate income taxes
• B)Personal income taxes
• C)The Goods and Services Tax (GST)
• D)Premiums on employment insurance
• E)Profits from crown corporations

---

Definitions:

Balance Sheet Accounts

Accounts included in the balance sheet, representing the company's financial position, including assets, liabilities, and equity.

Outstanding Loan

A loan on which the borrower is still making payments and has not yet settled the full principal amount plus interest.

Office Space

Physical locations or areas where business activities are conducted, including rooms or suites for staff to work.

Unearned Service Revenue

Income received by a company for services not yet performed or delivered.