Income taxes paid by corporations are

Question

Quizplus · Accepted Answer

Income taxes paid by corporations make up about 12 percent of the federal government's revenue, according to the Congressional Budget Office. Therefore, choice D is the correct answer. Choices A, B, and C are incorrect because although income taxes paid by corporations do provide revenue for all levels of government, they are not the major source of revenue for any level of government other than the federal government. Choice E is incorrect because income taxes paid by corporations are not a major source of expenditure by the federal government.

Income Taxes Paid by Corporations Are