Which of the following statements is true of individual income taxes?
A. State individual income taxes rise as sharply as the federal income tax.
B. Most states allow local governments to levy income taxes.
C. It is one of the two largest revenue sources for state government.
D. Individual income tax is an important source of revenue for local government.
E. All states collect individual income taxes without any exception.
C
You might also like to view...
The business cycle is
A) the process of investing and gaining a profit. B) the period during which the federal government compiles the budget. C) periods of expansion and inflation alternating with periods of contraction and unemployment. D) the process of extracting money from the economy through taxes and then returning it through spending. E) inflation and recession.
Which is an example of a controversial nominee for Supreme Court Justice who was not confirmed?
a. Robert Bork b. William Taft c. Thurgood Marshall d. Earl Warren
The text suggests that the haka could explain which of the following?
A. why the indigenous culture receives respect in New Zealand B. why the national soccer team is so popular in New Zealand C. why New Zealanders disregard cultural ownership D. why culture really does not work as an explanation for political phenomena
What has become the most powerful predictor of how members of Congress vote?
a. economic circumstances b. their campaign finances c. how hot-button issues are being discussed in the media d. party affiliation