Using the Fiscal Year 2013 Estimates, the Largest Component of State

question 72

Multiple Choice

Using the fiscal year 2013 estimates, the largest component of state and local revenue is the

• A) individual income tax.
• B) corporate income tax.
• C) revenue from the federal government.
• D) sales, excise, and gross receipts taxes.

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Definitions:

New Deal Programs

A series of projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the 1930s aimed at recovering from the Great Depression.

Congress

The federal legislative institution in the United States, made up of two components: the Senate and the House of Representatives.

Filipino Repatriation Act

A U.S. law enacted in 1935 encouraging Filipinos living in the United States to return to the Philippines by offering them government-funded transportation and other incentives.

Free Transportation

A service or system that offers travel or movement without charge to the users.