Answer:
B. expense
Explanation:
This is an administrative expense which reports the fees incurred by a company for the expenses associated with its checking account transactions.
Considering mortgage finance analysis, when buying a home, the lender may hold money in an escrow account to pay "<u>property taxes</u>."
<h3>What is an escrow account?</h3>
An escrow account is a specially made account in which it is used to manage your mortgages.
An escrow account is a form of savings account whereby mortgage service providers help manage on behalf of the escrow account holder
<h3>Money from the Escrow Account can be used to pay the following fees or charges:</h3>
- Property taxes
- Homeowners insurance
- Mortgage insurance premiums
Hence, in this case, it is concluded that the correct answer is option C. "<u>Property Taxes."</u>
Learn more about the escrow account here: brainly.com/question/2312030
Answer:
Revenue is money earned by a business, or income received by the government from taxes
Explanation:
nearly 41.1 percent of every dollar they earn in taxes.
the required details about taxes is given in below link
In the United States, the primary source of tax revenue was from individual income taxes (federal, state, and municipal).
sources of US tax revenue.
The United States relies substantially more on individual income taxes and property taxes than the OECD average. Individual income taxes generated 41.1 percent of total tax revenue in the United States, compared to an average of 24 percent in OECD countries—a 17.1 percentage point differential.
This is mainly due to the fact that in the United States, more than half of business income is reported on individual tax returns. In comparison to other OECD nations, the United States' method of taxing business income increases the share of tax revenue from individual income taxes and decreases the share of tax revenue from corporate taxes.
to know more about US tax revenue.
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