Using the Fiscal Year 2017 Estimates, the Largest Component of State

question 180

Multiple Choice

Using the fiscal year 2017 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:

Shorepower

Term used to describe the means used to connect a truck/trailer combination to AC mains electrical power to supply hotel load electricity. A shorepower or hotel load grid exists on many U.S. and Canadian interstate routes. It is referred to 110, 230, and 460 V-AC mains feeds.

Hotel Loads

The electrical loads in a vehicle (often in trucking or mobile homes) not related to propulsion, such as lighting, climate control, and appliances.

AC Power

Alternating current electric power, characterized by a flow of charge that periodically reverses direction, used in households and industries for electrical devices and lighting.

Just-in-time Delivery

A supply chain management strategy that aims to reduce inventory and increase efficiency by receiving goods only as they are needed in the production process.