Federal Government Revenue The source of federal

Chapter 4, Problem 34E

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QUESTION:

Problem 34E

Federal Government Revenue The source of federal government revenue for a specific year is

50%

from individual income taxes

32%

from social insurance payroll taxes

10%

from corporate income taxes

3%

from excise taxes

5%

Other

If a revenue source is selected at random, what is the probability that it comes from individual or corporate income taxes?

Source: New York Times Almanac.

Questions & Answers

QUESTION:

Problem 34E

Federal Government Revenue The source of federal government revenue for a specific year is

50%

from individual income taxes

32%

from social insurance payroll taxes

10%

from corporate income taxes

3%

from excise taxes

5%

Other

If a revenue source is selected at random, what is the probability that it comes from individual or corporate income taxes?

Source: New York Times Almanac.

ANSWER:

Answer

Step 1 of 1

(a)

The source of federal government revenue for a specific year is

50%

from individual income taxes

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