The Largest Source of Tax Revenue for the U

question 105

Multiple Choice

The largest source of tax revenue for the U.S. federal government is

• A) personal income taxes.
• B) property taxes.
• C) corporate income taxes.
• D) sales and excise taxes.

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Definitions:

Policy Provisions

Specific terms and conditions outlined in an insurance policy or other formal document that define coverage, limitations, and obligations of the parties involved.

Average Person

A hypothetical individual who represents a standard or norm in behavior, judgment, and values.

Homeowner's Policy

An insurance policy that provides coverage for damages to a homeowner's property, including structures and contents, and often liability for accidents.

Real Property

Land and anything permanently attached to it, such as buildings and fixtures, considered a form of real estate.