main revenue sources for state and local governments are ____________. Group of answer choices   import taxes sales taxes corporate taxes property taxes

Q: Which of the following is not an example of excise tax? * A. Transfer tax B.…

A: Taxes are the compulsory payment made by individuals/firms to the government without having any…

Q: The FICA tax is levied on employers, employees, and certain self-employed individuals. Revenue goes…

A: As given in the question, the contribution to the retirement part tax was 6.2 percent of first…

Q: Management and control over revenue generation and resource utilization

A: Public finance studies the role of government in an economy. Government operates in an economy…

Q: katie earns $40,000 and pays $4,500 in taxes and Samantha earns $80,000 and pays $9,000 in taxes,…

A: Taxes are the share of income which is charged by the government.

Q: Most businesses pay corporate income tax to the federal government based on the company's corporate…

A: The corporate income tax is paid based on the company's operating earnings.

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 20% $2,000 A Family…

A: Here, there are three families having different income levels and paying the same tax rate. A income…

Q: The sources of revenue for state and local governments are                              ["the same…

A: Revenue is the income generated by the activities carried out by the business organization or by the…

Q: The nation of Upstandia uses kroner for money and its tax code is such that a person making 100,000…

A: There three main tax systems in an economy – Proportional Tax, Progressive Tax and Regressive Tax.…

Q: At the state and local levels in the United States, the largest source of tax revenue is   Group of…

A: At the state and local levels in the United States, the government collects tax revenues from the…

Q: Federal revenue consists of taxes levied on

A: Federal revenue refers to the total revenue earned by the government through both tax and non-tax…

Q: Tax rate rise when the income of the consumer rise in case of progressive tax system.  True/False

A: We have different types of tax system depending upon how the tax rate behaves with change in income.…

Q: Discuss at least three problems and issue which beset efficient and effective tax administration in…

A: Governments levy mandatory charges on persons or companies, which is referred to as taxation. Taxes…

Q: Define the three types of taxes (Proportional tax, Progressive tax, Regressive tax)

A:

Q: Tax to GDP ratio is a useful index in showing how effective the government is in collecting taxes…

A: Tax is the compulsory payment or a financial charge imposed by government that contributes to the…

Q: The fact that lower-income families will spend a higher percentage of their income on tangible goods…

A: Taxation system refers to the way of taxing the income of people by the state government or central…

Q: Where does the federal government obtain almost all of their revenue?     foreign governments…

A: Government revenue is the income available to fund the activities of a government.

Q: Suppose a luxury tax is levied on 'luxury cars' luxury being defined as having an engine larger than…

A: A luxury tax basically refers to a sales tax or fee applied solely on certain non-essential items or…

Q: Which tax is the largest source of tax revenue in the United States? personal income taxes…

A: The largest source of the tax revenue of the United States government has individual tax been since…

Q: Discuss the scope of local public finance; a) Revenue Generation b) Revenue Allocation and…

A: Public finance deals with the finance or the flow of money to and from the government. The…

Q: Identify whether each of the following taxes is progressive or regressive. a. Personal income tax:…

A: Progressive tax is one that is higher with the increase in income, while regressive tax falls with…

Q: Explain the types of tax liability in the Turkish Tax System by giving examples

A: The Turkish tax system is a vital component of the economy, and it is divided into three major…

Q: Which is the most ideal tax because it is the most efficient? *       Progressive tax       Income…

A: An ideal tax should be simple and it should promote efficiency and equity.

Q: Taxation; an essential fiscal policy tool for moblizing resources for socio-economic development…

A: The above mention passage, it is talking about taxation and fiscal policy regarding taxation and…

Q: United States Income Tax Rates for a Single Individual, 2009 and 2010.   2009 Tax Rates Income…

A: From the given table of a tax rate, if Kurt's taxable income is $35,00 a year, then the marginal tax…

Q: Q.1.8 An example of an indirect tax is:  (a) income tax. (b) secondary tax on dividends. (c) company…

A: "Since you have asked multiple questions, we will solve the first one for you. If you want any…

Q: Define direct and indirect taxes

A: Since you have asked multiple questions, we will answer only first question. If you want some…

Q: The largest source of federal government revenue is which of the following? Other royalties and…

A:

Q: Percent of Income Paid in Total amount Income Tax of Tax Paid Family $10,000 10% $1,000 A Family…

A: Proportional Tax is the tax which is levied as the same percentage on each individual despite of the…

Q: Per-unit tax   Equilibrium quantity after tax   Price consumers pay after tax

A: Per unit tax is  a specific tax which has to be paid for each unit of goods and services sold.  From…

Q: Which one of the following statements regarding fiscal policy and the budget is correct? (a) When…

A: Economic fluctuations tend to affect an economy by bringing about changes in the GDP and output…

Q: A government budget is a financial statement presenting the government’s proposed revenues and…

A: According to Keynesian macroeconomics, government expenditure and taxation policies are able to…

Q: Identify the following 1. It refers to the revenue and expenditure measures of the public budget…

A: A budget plan is a diagram that shows you the progression of cash in your regular day-to-day…

Q: Discuss the principles of a sound tax system

A: A sound tax system can be described as a good system of taxation that meets the needs of all canons…

Q: progressive tax system tax rate rise with rise in income True/False

A: Answer. Introduction  Progressive tax  A progressive tax is based upon the taxpayer's ability to…

Q: Excise taxes Select one: O a bring in approximately 50% of state and local tax revenue. O b. operate…

A: Excise tax is an indirect tax that is charged by the government on the sale of certain goods or…

Q: Reduction and elimination of corporate income taxes (CIT) and the economic result: Examples from…

A: Sound tax policy refers to the tax policy which fulfills the 4 principles. Those 4 principles are:…

Q: of a given activity. c) Economists refer to the revenue collected as a result of a tax as the burden…

A: In an economy, economists think that there are different types of tax burden when government imposes…

Q: The vertical distance between points A and C represent the amount of the tax. The amount of tax…

A: We have the following information- The vertical distance between points A and C represents the…

Q: A tax that has a larger relative impact on the incomes of high-income individuals than on low-income…

A: Answer to the question is as follows :