The Type of Tax That Yields the Highest Amount of Revenue

question 47

Multiple Choice

The type of tax that yields the highest amount of revenue to all U.S.governments (federal,state,and local combined) is the _________ tax.The tax that yields the second-highest amount is the ________ tax.The tax that yields the least amount of revenue is the _________ tax.

• A) payroll; individual income; wealth
• B) payroll; individual income; corporate
• C) individual income; payroll; corporate
• D) individual income; consumption; wealth

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Definitions:

Parenthood

The state or responsibilities of being a parent; includes the care, upbringing, and nurturing of a child.

Fertility Rates

The average number of children born to a woman over her lifetime within a population.

Higher Education

Tertiary education leading to the receipt of diplomas, certificates, or academic degrees, such as bachelor's, master's, and doctorate degrees.

International Adoptions

The process of adopting a child from another country, which involves navigating legal, cultural, and bureaucratic matters.