Multiple Choice
Which is the correct order of importance in terms of revenue collected among the following federal taxes?
A) (1) corporate income taxes (2) value-added taxes (3) excise taxes
B) (1) personal income taxes (2) corporate income taxes (3) sales taxes
C) (1) payroll taxes (2) personal income taxes (3) federal excise taxes
D) (1) personal income taxes (2) payroll taxes (3) corporate income taxes
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Horizontal equity means that equally situated individuals
Q21: Explain the purpose of payroll taxes.Is it
Q27: Direct taxes are levied directly on people
Q44: If demand is more elastic, the portion
Q47: Taxation can promote good social policy while
Q48: The corporate tax applies to firms' total
Q83: The corporate income tax is<br>A)a tax on
Q185: Why do many economists rate the income
Q190: The payroll tax represents<br>A)the largest source of
Q202: A tax system under which an individual