The Three Major Sources of Federal Revenue Are Personal Income

question 14

True/False

The three major sources of federal revenue are personal income taxes,corporate income taxes,and social insurance taxes.

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Definitions:

Atlantic Trade Network

A complex maritime trading system that connected Europe, Africa, and the Americas, facilitating the exchange of goods, slaves, and commodities.

English Civil Wars

A series of armed conflicts and political machinations between Parliamentarians ("Roundheads") and Royalists ("Cavaliers") in England in the mid-17th century.

Society of Friends

Also known as Quakers, a Christian group that emerged in England in the 17th century, known for its practices of pacifism, simple living, and consensus decision-making.

Egalitarian View

The belief in the equality of all people, especially in terms of rights and opportunities, discouraging hierarchies and disparities in society.