Sales taxes are the government's largest single source of revenue
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Income taxes are the government's largest single source of revenue.
You might also like to view...
Phoebe rented a safe deposit box in a bank to keep her valuables. In this case, ________.
A. the bank is not liable to explain any loss or damage to the contents of the box B. the bank is not an insurer of the contents of the box C. Phoebe is the bailee D. the bank is the bailor
Most inexperienced salespeople generally operate in a ________ mode during negotiation.
A. organizational B. attitudinal C. cooperative D. personal E. competitive
Bob and Phyllis Cords own two retail stores, one in Pottstown and one in Norristown. Though the towns are only 40 miles apart, the consumers at both stores are very different demographically
Bob and Phyllis alter the product offerings in both locations in an effort to cater to both demographic groups. Under the 4 Cs classification of the marketing-mix elements, the Cords have primarily adjusted ________. A) customer value B) customers C) cost D) convenience E) communication
A machine with a cost of $146,000 and accumulated depreciation of $101,000 is sold for $58,000 cash. The amount that should be reported as a source of cash under cash flows from investing activities is:
A. $13,000. B. $58,000. C. $45,000. D. Zero. This is an operating activity. E. Zero. This is a financing activity.