When there is a recession,the biggest percentage decline would be in

A) social Security tax receipts.
B) personal income tax receipts.
C) consumer spending.
D) corporate after-tax profits.

Social Security Tax

A tax paid equally by employee and employer, based on employee’s wages. Most proceeds are used to pay Social Security retirement and Medicare benefits.

Personal Income Tax

A tax levied on individuals or entities based on their income or profits.

Corporate Profits

The surplus income of corporations after all expenses have been met, indicative of corporate health.