Asked by
Rayan Khiyara
on Oct 13, 2024Verified
Most state revenue comes from the _____ tax and most local revenue comes from the _____ tax.
A) property,property
B) sales,sales
C) sales,property
D) property,sales
State Revenue
The total income generated by a government from taxes, fees, and governmental activities to fund public services and initiatives.
Local Revenue
Funds generated by taxes, fees, and other charges that are collected by local governments to finance public services and infrastructure.
Property Tax
A levy on property that the owner is required to pay, usually based on the value of the property.
- Identify the primary sources of state and federal revenue.
Verified Answer
MW
Learning Objectives
- Identify the primary sources of state and federal revenue.