The largest source of federal revenue in the US is
a. corporate income tax
b. federal aid to the US
c. individual income tax
d. social insurance tax
Ans: c ) individual income tax
Explanation:
The largest sources of federal revenue in the US is individual income tax . Other main sources of federal revenue are payroll tax and corporate income tax.
The largest source of federal revenue in the US is a. corporate income tax b. federal...
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(Corporate income tax) Boisjoly Productions had taxable income of $19.1 million. a. Calculate Boisjoly's federal income taxes by using the corporate tax rate structure in the popup window, E b. Now calculate Boisjoly's average and marginal tax rates. c. What would Boisjoly's federal income taxes be if its taxable income was $29.9 million? d. Now calculate Boisjoly's average and marginal tax rates with taxable income of $29.9 million. a. Calculate Boisjoly's federal income taxes. The total tax due is $...
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