The ranking of the size of tax revenues received by the federal government (from highest to lowest)would be corporate taxes,income taxes,and Social Security payroll taxes.
The federal government collects tax revenues primarily from income taxes,Social Security taxes,and corporate income taxes,in that order.

Question

Quizplus · Accepted Answer

The first statement is incorrect as it lists corporate taxes as the highest revenue source, while the correct order is income taxes, followed by Social Security payroll taxes, and then corporate taxes. The second statement is also incorrect as it lists Social Security taxes as the second highest revenue source, whereas income taxes are actually the primary source of tax revenue for the Federal government.

The Ranking of the Size of Tax Revenues Received by the Federal