Which of the Following Statements Is NOT True About Corporate

question 39

Multiple Choice

Which of the following statements is NOT true about corporate income tax rates and economic activity?

• A) The income tax is the primary sources of revenues for national governments around the world.
• B) Before the Great Depression,state and local government expenditures in the U.S.were much lower than federal expenditures.
• C) When state corporate income tax rates are added to federal rates,Japan has the highest combined corporate income tax rate among OECD countries.
• D) The great majority of U.S.government expenditures are on nondefense items such as health,economic support,and education.
• E) From 2005-2008,the average gross savings rate of OECD countries increased.

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