Cities and Other Local Governments Receive Most of Their Tax

question 41

Multiple Choice

Cities and other local governments receive most of their tax revenues from

• A)Local income taxes.
• B)Sales tax.
• C)Property taxes.
• D)Excise taxes.

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Definitions:

Break Even

The point at which total costs and total revenue are equal, resulting in no net loss or gain for the business.

Fixed Costs

Expenses that do not change with the level of goods or services produced within a certain range.

Technology B

This term is too generic to define without more context, as it could refer to any second or alternative technology in a specific domain or comparison.

Competitor's Technology

The technological tools, innovations, or systems used by competing businesses within the same industry.