Which of the following statements is correct?
A) National defense and health care are the two largest spending categories for the federal government.
B) Welfare programs and highways are the two largest spending categories for state and local governments.
C) Sales taxes and property taxes are the two most important revenue sources for state and local governments.
D) Corporate income taxes are the largest source of revenue for the federal government.

Question

Quizplus · Accepted Answer

Sales taxes and property taxes are the two most important revenue sources for state and local governments. National defense and Social Security are the two largest spending categories for the federal government, and education and public welfare are the largest spending categories for state and local governments. Corporate income taxes are not the largest source of revenue for the federal government.

Which of the Following Statements Is Correct