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QUESTION 30 Most states impose an income tax on individuals and businesses, True False QUESTION 31 The amount realized on the
QUESTION 32 Jim Bob, age 13, has $600 of wage income and $4,000 of interest income in the current year. His parents are claim
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Answer #1

Question 30 : TRUE

REASON : Many states will impose the income tax on individuals & businessess. Income tax is the main revenue of many states .Income tax is the tax imposed on the income of the indiviual or profits of the business . The revenue from the Income tax is used for the betterment of living standard and the imporvement of public facilites like road hospitals etc

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