Using the fiscal year 2014 estimates, the largest component of federal revenue is the

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According to the fiscal year 2014 estimates, the largest component of federal revenue is the individual income tax, which accounted for 47.4% of total revenue. The corporate income tax accounted for only 10.6% of total revenue, while excise taxes accounted for 3.1% and social insurance and contributions accounted for 33.8%. Therefore, choice A is the best answer.

Using the Fiscal Year 2014 Estimates, the Largest Component of Federal