What Are the Two Largest Sources of Tax Revenues for the U.S.federal

question 115

Essay

What are the two largest sources of tax revenues for the U.S.federal government?

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Definitions:

Fixed Cost

A periodic cost that does not vary with production volume or sales.

Variable Costs

Costs that change in proportion to the level of production or sales in a business.

Contribution Rate

The percentage of income that is saved or contributed to a retirement plan by an individual or employer.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales. Examples include rent, salaries, and insurance premiums.