Of the Following,the Federal Government's Largest Source of Revenue Is

question 192

Multiple Choice

Of the following,the federal government's largest source of revenue is the

• A) sales tax.
• B) property tax.
• C) corporate income tax.
• D) Social Security tax.
• E) transfers from state and local governments.

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Definitions:

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like rent, salaries, and insurance.

Variable Inventory Costs

Variable inventory costs fluctuate with changes in production volume, including costs like raw materials and direct labor.

Special Order

A special order refers to a one-time or unusual request from a customer to purchase goods or services that differ from a company's regular offerings, often requiring unique pricing and production scheduling.

Sales Price

The amount for which a product or service is sold to the customer.