Which of the following pairs represents the chief source of income and the most important type of expenditure of local governments?
A) Property tax and expenditures for highways
B) Property tax and expenditures for education
C) Sales and excise taxes and expenditures for public welfare
D) Sales and excise taxes and expenditures for police,fire,and general government
Correct Answer:
Verified
Q25: Interest payments on the national debt are
Q26: In 1980 the top marginal tax rate
Q27: Each of the following is a goal
Q28: The federal government spends
A)slightly more on defense
Q29: The property tax is the most important
Q31: Which statement is false?
A)The corporate income tax
Q32: Most excise taxes are
A)progressive.
B)proportional.
C)regressive.
Q33: The federal government's fiscal year is _
Q34: Which statement is false?
A)There are now nine
Q35: The corporate income tax is
A)direct.
B)indirect.
C)neither direct nor
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