Question

What is true regarding tax revenue at the state level?
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A) Many states rely on sales taxes to generate revenue.
B) Many states rely on Social Security taxes to generate revenue.
C) Many states rely on Medicare taxes to generate revenue.
D) Many states rely on excise taxes to generate revenue.

Answer 1

The correct answer is letter B.

Explanation: Tax Revenue is every source of income that derives from state tax revenues, state. Sources of state revenue, such as revenues from state enterprises, the return on state investments, and interest on tax debts.