Which of the Following Statements Is Correct

question 398

Multiple Choice

Which of the following statements is correct?

• A) The U.S. federal government collected a higher percentage of income in taxes in the early 1900s than in the early 2000s.
• B) The U.S. federal government collects a higher percentage of income in taxes than many European countries, including France and Germany.
• C) The U.S. federal government collects a lower percentage of income in taxes than many developing countries, including Mexico and India.
• D) The U.S. federal government collects a similar percentage of income in taxes as Brazil and Japan.

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Definitions:

Property Owner

An individual or legal entity that holds legal title to and has the right to use, control, and dispose of real property or land.

Independent Contractor

One who works for, and receives payment from, an employer but whose working conditions and methods are not controlled by the employer. An independent contractor is not an employee but may be an agent.

Employment Relationship

A legal and formal arrangement between an employer and an employee that outlines the terms of employment.

Agency Relationship

A legal relationship in which one party, the agent, is authorized to act on behalf of another, the principal, in transactions with third parties.