The largest source of revenue for the federal government is and the largest outlay is for
)
A) personal income taxes; interest on national debt
B) personal income taxes; Medicare
C) personal income taxes; transfer payments
D) corporate taxes; Social Security

Question

Quizplus · Accepted Answer

The largest source of revenue for the federal government is personal income taxes, while the largest outlay is for transfer payments (which include Social Security, Medicaid, and other government assistance programs).

The Largest Source of Revenue for the Federal Government Is