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:

Plowback Ratio

The proportion of earnings that a company reinvests into its business rather than distributing to shareholders as dividends, indicating its growth strategy.

ROE

Return on Equity, a measure of financial performance calculated by dividing net income by shareholder's equity, indicating how well a company uses investments to generate earnings growth.

Plowback Ratio

The proportion of earnings retained by a company after dividends have been paid, often reinvested in the business for growth.

P/E Ratio

The P/E Ratio (Price-to-Earnings Ratio) is a metric used to value a company by dividing its current share price by its earnings per share, indicating how much investors are willing to pay for each dollar of earnings.