The two largest sources of tax revenue for the U.S. federal government are a. personal and corporate
Question:
The two largest sources of tax revenue for the U.S. federal government are
a. personal and corporate income taxes.
b. personal income taxes and payroll taxes for social insurance.
c. corporate income taxes and payroll taxes for social insurance.
d. payroll taxes for social insurance and property taxes.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Anubhav Sharma
Completed my Bachelors In Civil Engineering from AKTU,had good academic background , aggregate percentage was 75,reputed student of college.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Multiple Choice Questions 1. The two largest sources of tax revenue for the U.S. federal government are a. Individual and corporate income taxes. b. Individual income taxes and payroll taxes for...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Emily Jackson (Social Security number 765-12-4326) and James Stewart (Social Security number 466-74-9932) are partners in a partnership that owns and operates a barber shop. The partnership's first...
-
Consider the case when the cost function satisfies C xe ( )=0. This can arise for different reasons. Consider the following two possibilities: (a) Suppose production and abatement costs (AC) are...
-
A single square loop of wire 22.0cm on a side is place with its face parallel to the magnetic field between the pole pieces of a larger magnet. When 6.30 A flows in the coil, the torque on it is...
-
A population has a distribution that is skewed to the left. Indicate in which of the following cases the central limit theorem will apply to describe the sampling distribution of the sample mean. a....
-
CMS is a claims processing company in Mobile, Alabama. Chastity Jones, a black woman, completed an online employment application for a customer service position with CMS. Jones interviewed with a...
-
Yost-Perry Industries (YPI) manufactures a mix of affordable guitars (A. B, C) that are fabricated and assembled at four different processing stations (W, X, Y, Z). The operation is a batch process...
-
(a) Use the method of direct Integration to find the solution of x2. (b) (i) dy -4x=6. (5%) dx Verify that y = ex, y = e3x and y = Aex + Be -3x (A and B are constants) are - 6y= 0. (10 %) solutions...
-
Betty gives piano lessons. She has an opportunity cost of $50 per lesson and charges $60. She has two students: Archie, who has a willingness to pay of $70, and Veronica, who has a willingness to pay...
-
As a percent of national income, taxes in the United States are a. higher than in France, Germany, and the United Kingdom. b. lower than in France, Germany, and the United Kingdom. c. higher than in...
-
The inertia of a diatomic molecule is Iz = R 2 . Calculate the rotational second moment of CO in cm 2 , taking the bond distance to be 1.13 .
-
The two basic forms of long-term liabilities are: Select one: a. Common shares and preferred shares b. Credit cards and operating lines of credit c. Loans and bonds d. Allowance for doubtful accounts...
-
Aiden has been operating a printing and stationery supply business since November 2010. In April 2023, he agreed to sell his business and the land and buildings on which it is located for a total...
-
Megan, age 40, has the following assets: $20,000 in mutual funds in an RRSP $17,500 in a non-registered 5-year GIC, purchased last year $38,400 in a LIRA $58,490 in an RPP Megan needs $12,000 to...
-
include all the correspondence auditors use with auditee personnel, officers, and third parties to conduct the audit; communication with management and those charged with governance includes the...
-
youll need to evaluate specific account values or financial statement paragraphs. As an analyst, you have access to the Securities and Exchange Commissions (SECs) EDGAR database of XBRL financial...
-
If you were interested in evaluating the profitability of a company and could have only limited historical data, would you prefer to know operating income or net income for the past five years?...
-
a. What is meant by the term tax haven? b. What are the desired characteristics for a country if it expects to be used as a tax haven? c. What are the advantages leading an MNE to use a tax haven...
-
Do you agree or disagree with each of the following statements? Explain your reasons. a. For a competitive firm facing a market price above average total cost, the existence of economic profits means...
-
You are given the following cost data: Total fixed costs are $60. How many units of output will this firm produce at a price of $22 and at a price of $42? What is the total revenue and total cost at...
-
Do you agree or disagree with this statement? Firms minimize costs; thus, a firm earning short-run economic profits will choose to produce at the minimum point on its average total cost curve.
-
David borrowed a loan from Bank A for $15,000 for buying a car. The loan is for five years and is fully amortized. The effective annual rate on the loan is 16.08 percent, and payments are made at the...
-
(b) The Chief financial officer of Kurdishy Oil has given you the assignment of estimating the firm's cost of capital. The present capital structure, which is considered optimal, is as follows: Debt...
-
You are an equity research analyst who is following Tencent. You see the following information in its most recent annual report (year 2018): - Net income from non-cash assets: $100 million - - Book...
Study smarter with the SolutionInn App