Question

A United States company produces products that it sells both in the United States and overseas. Which level of government may tax the company?

Answer 1

Answer:

local, state, and national governments

Explanation:

Taxation in the United States involves payments to three different levels of government, local government, state government, and the federal government. Local government is financed by property taxes. State government is financed mainly by sales taxes although most states also have an income tax. The federal government is financed primarily by income taxes.

Answer 2

Local, state, and national government may tax the company.