Ask Question
2 December, 18:00

Are sources of revenue for both federal and state governments. Individuals pay this tax from the money they

eam

Sales taxes

Personal income taxes

Property taxes

+3
Answers (1)
  1. 2 December, 19:47
    0
    Personal income taxes

    Explanation:

    Personal income tax is imposed on salaries, wages, interests, and other income an individual earns throughout the year. The government of the country that the person earned their income imposes the tax. Income tax is levied on the income generated by a person or a business in a country.

    Income tax is the most important source of revenue for governments. In almost all countries, the tax agencies employ a progressive system of determining the tax amount for each individual. A person with a high income pays higher taxes compared to the one with moderate earnings.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Are sources of revenue for both federal and state governments. Individuals pay this tax from the money they eam Sales taxes Personal income ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers