Question

Question 5
From which of the following taxes does the federal government get most of their tax revenue?
A Corporate tax
B) Sales tax
Tariffs
Income tax

Answer 1

Answer:

B. $3,500

Explanation:

Answer 2

The form of tax from which the federal government get most of their tax revenue is the Income tax.

Option D is correct.

What is meant by taxes?

Taxes are the financial source of the government through which it gets most of their revenue. It could be direct or indirect in nature.

The income taxes are one of a kind of taxes which are paid by the taxpayers in accordance with the slab rates applicable on their respective taxable incomes. It has to be paid on yearly basis at a specified period of time and if delayed, then the penalty has also been required to be paid.

Therefore, the income taxes are the one which provides maximum revenue to the federal government.

Learn more about the income taxes in the related link:

https://brainly.com/question/17075354

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