Question

What are federal sources of revenue? Select four options. income tax corporate tax payroll tax sales tax excise tax

Answer 1

Answer:

income tax

corporate tax

payroll tax

excise tax

Explanation:

Taxes are a means by which the government earns its revenue which is used for the development of the country. The Federal Government employs the use of income tax, corporate tax, payroll tax , excise tax.

Sales tax is commonly used by the state and local government due to it being taxed on retail goods.