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Arturiano [62]
3 years ago
11

What is the most important source of revenue and the major type of expenditure at the Federal level? At the state level? At the

local level? At the Federal level, the most important source of revenue is the personal income tax. The main expenditure is for income security. At the state level the most important sources of revenue are sales, excise, and gross receipts taxes, followed by personal income taxes. The main expenditures are for public welfare, with education running a very close second. At the local level the most important source of revenue is, by far, property taxes. Education is by far the most important expenditure
Business
1 answer:
Margarita [4]3 years ago
5 0

The largest share of the revenues from property taxes and sales and gross receipts taxes are generally received from state and local governments. Individual income taxes are another major source of income.

Explanation:

In fiscal 2010 the total US government and local tax revenues—35% came from property taxes and 34% from sales and gross taxes. In 2010, local governments collected a little more than 75% of their 2010 property tax receipts. Local government tax revenues are primarily financed by property taxes.

Nevertheless, sales taxes and gross income taxes were the major source of revenue for governments. In 2010, the Member States received less than half of their income from sales and gross receipts taxes.

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When firms are said to be price takers, it implies that if a firm raises its price: a. buyers will go elsewhere. b. buyers will
MatroZZZ [7]

Answer:

The correct answer is a. buyers will go elsewhere.

Explanation:

This situation occurs when there is competition, that is, other businesses that offer the same or similar products as those of a particular company. In this scenario, the potential buyer will notice the difference according to their previous experiences and will find a way to acquire products from another brand that offer the same satisfaction as the product that rose in price. You must be very cautious with this practice, since it can end up damaging the operation, and in the worst case, leading to bankruptcy.

3 0
3 years ago
Your boss, Kerry Miller, has asked you to analyze the soft drink industry using Porter's five forces model. Which of the followi
IgorC [24]

Answer:<em> Option (A) is correct.</em>

Vitamin water, juice, coffee are other beverage options available to consumers are the one that can represent substitute products in the soft drink industry.

The five forces can be referred to as a model for business analysis that helps to elaborate on why different industries in a certain market are able to endure different levels of profitability. These forces are often used to evaluate competition depth, appeal, and profitability of the market.

4 0
3 years ago
What is the name of the process that weighs the alternatives, gathers all necessary information, and can ultimately lead you to
DiKsa [7]
This process is known as decision making.
6 0
3 years ago
Indicate the section operating activities,investing activities,financing activities,or none in which each of the following would
Pavlova-9 [17]

Answer and Explanation:

The indication of the following transactions for the cash flow statement is given below:

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b. Operating activities

c. Financing activities

d. Financing activities

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f. Financing activities

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3 0
3 years ago
FOOT CREAM MINI CASE: Athlete's Aid is a foot cream designed to prevent athlete's foot with once- daily application after shower
alex41 [277]

Answer:

The correct answer is:  negative message framing.

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3 years ago
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