Which of the following are sources of revenue for state and local governments?
i.property taxes
ii.sales taxes
iii.transfers from the federal government

Question

Quizplus · Accepted Answer

State and local governments generate revenue from various sources, including property taxes, sales taxes, and transfers from the federal government. Property taxes are levied on real estate and sometimes other forms of property. Sales taxes are applied to the sale of goods and services. Transfers from the federal government include grants and other forms of financial assistance.

Which of the Following Are Sources of Revenue for State