The largest source of revenue for the federal government is the
A) corporate income tax.
B) Social Security tax.
C) Medicare tax.
D) individual income tax.

Question

Quizplus · Accepted Answer

The individual income tax is the largest source of revenue for the federal government, making up approximately 50% of all revenue collected. The other taxes listed, such as the corporate income tax, Social Security tax, and Medicare tax, also contribute to federal revenue but are not as significant as the individual income tax.

The Largest Source of Revenue for the Federal Government Is