Using the Fiscal Year 2013 Estimates, the Largest Component of Federal

question 115

Multiple Choice

Using the fiscal year 2013 estimates, the largest component of federal revenue is the

• A) individual income tax.
• B) corporate income tax.
• C) excise tax.
• D) social insurance and contributions.

Identify organizations that certify professional competency in truck maintenance.

Describe the variety of clutches used in heavy-duty trucks and their advantages.

Understand truck classification based on load capacity.

Recognize the importance and scope of ASE certification for truck maintenance professionals.

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Definitions:

Annual Tax Bill

The total amount of tax owed by an individual or corporation in a given fiscal year.

Taxable Income

The amount of income that is used to calculate how much tax an individual or a company owes to the government.

Part-time Janitor

A Part-time Janitor is an individual employed on a less than full-time basis to perform cleaning and maintenance duties in a building or facility.

Semiannual Payment

A payment made twice a year, often used in terms of loan repayments or investment returns.