The Largest Source of Tax Revenues for States Is

question 8

Multiple Choice

The largest source of tax revenues for states is

• A) general sales.
• B) motor fuel.
• C) alcoholic beverages.
• D) tobacco.

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Definitions:

Loan

Funds lent with the anticipation of repayment plus an additional amount known as interest.

Interest

The fee for lending money, usually shown as a yearly percentage of the main sum.

Months

Units of time corresponding roughly to one cycle of the moon's phases, typically used to measure periods within a year.

Invest

The act of allocating money or capital to an endeavor with the expectation of generating an income or profit.