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Question :  What is the main source of revenue for most governments?

Option 1: Personal income taxes

Option 2: Corporate income taxes

Option 3: Sales taxes

 

Option 4: Property taxes


Team Careers360 7th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Personal income taxes


Solution : The correct answer is (a)  Personal income taxes

Personal income taxes tend to be one of the primary sources of revenue for governments. They are typically levied on the income earned by individuals and can be progressive, meaning that higher-income individuals are subject to higher tax rates. Personal income taxes are often collected through payroll deductions from employees' salaries or through annual tax returns filed by individuals.

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