Which of the Following Taxes Is Not a Significant Source

question 54

Multiple Choice

Which of the following taxes is not a significant source of revenue for local governments?

• A)Real property tax
• B)Personal property tax
• C)Employment tax
• D)All of the above

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Definitions:

Critical

Pertaining to a crucial or decisive point that requires immediate attention or presents a significant challenge.

Competition

The rivalry between businesses to sell their goods or services to customers, often leading to better quality and prices.

Environmental Change

Alterations to the natural environment caused by human activity or natural processes, impacting ecosystems, climate, and land use.

Small Business

A privately owned and operated business, usually characterized by small number of employees and modest revenue.