With respect to local finance,it is correct to say that
A) Sales and excise taxes are the major source of revenue and highway construction and maintenance the major type of expenditure.
B) Property taxes are the basic source of revenue and education the major type of expenditure.
C) The corporate income tax is the major source of revenue and natural resource development the major type of expenditure.
D) Estate and gift taxes are the major source of revenue and most expenditures are for hospitals and health services.
Correct Answer:
Verified
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