The Two Most Important Sources of Federal Revenue Are the _____

question 58

Multiple Choice

The two most important sources of federal revenue are the _____ taxes.

• A)FICA and personal income
• B)corporate income and FICA
• C)excise and personal income
• D)Social Security and excise

---

Definitions:

Preemptive Rights

The rights that allow existing shareholders to purchase new shares in a company before the company offers them to the public, to maintain their proportionate ownership.

Standby Underwriting

An arrangement in which an underwriter agrees to buy any unsold shares after a public offering, ensuring the issuer sells all shares but only if necessary.

Common Shares

Type of equity security that represents ownership in a corporation, providing voting rights and entitling the holder to a share of the company’s success through dividends and/or capital appreciation.

Federal Statutes

Laws enacted by the United States Congress that apply nationally.