Which of the following statements is correct?
A) National defense and Medicare are the two largest spending categories for the federal government.
B) Welfare programs and highways are the two largest spending categories for state and local governments.
C) Sales taxes and property taxes are the two most important revenue sources for state and local governments.
D) Corporate income taxes are the largest source of revenue for the federal government.
Correct Answer:
Verified
Q15: When compared to nonpoor countries,poor countries usually
Q27: In the United States,the payroll tax is
Q29: Over the past 100 years,as the U.S.economy's
Q30: Which of the following countries has the
Q31: Corporate profits are
A)included in payroll taxes.
B)exempt from
Q32: The government taxes corporate income on the
Q32: In 2004,social insurance taxes represented what percentage
Q33: When comparing the tax burden of several
Q36: If Nebraska imposed a tax on milk
Q89: State and local governments generate revenue from
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents