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

Question

Quizplus · Accepted Answer

The personal income tax is the largest single source of revenue for the federal government. It accounts for over 50% of all federal revenue. The corporate income tax and federal excise tax are both smaller sources of revenue in comparison, and the Social Security tax is technically a separate source of revenue designated for Social Security and other programs.

The Largest Single Source of Revenue for the Federal Government