Multiple Choice
What are the three largest sources of tax revenue for the U.S.federal government?
A) corporate income tax,excise taxes,and Social Security/Medicare taxes
B) individual income tax,corporate income tax,and sales tax
C) Social Security/Medicare taxes,corporate income tax,and custom duties
D) individual income tax,Social Security/Medicare taxes,and corporate income tax
Correct Answer:

Verified
Correct Answer:
Verified
Q98: Suppose the tax rate on the first
Q99: Corporations ultimately bear the entire burden of
Q100: The second-largest source of revenue for the
Q101: The U.S.income tax system is:<br>A) proportional.<br>B) progressive.<br>C)
Q102: Current projections are that the debt-to-GDP ratio
Q104: The deficit is all federal debt held
Q105: Use the following to answer questions <br>Figure:
Q106: The marginal tax rate is:<br>A) the tax
Q107: If tax rates are 10% on income
Q108: As income rises,the average tax rate for