Examlex
Listed below are five terms followed by a list of phrases that describe or characterize five of the terms.Match each phrase with the number for the correct term.
U.S. Tax System
The structured framework of legal guidelines and rules governing federal, state, and local taxation in the United States, encompassing various types of taxes.
Federal
Relating to the central government of a country, as opposed to state or local governmental bodies.
State
A political entity that possesses sovereignty over a geographic area and the people within it, with a structured system of governance.
U.S. Tax System
A structured framework by which the federal, state, and local governments in the United States collect taxes from individuals and businesses based on income, sales, property, and other financial activities.
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