of the following, which are true of state and local taxes? Select all that apply. State and local governments give a portion of their revenue to the federal government. The main revenue sources for state and local governments are sales taxes, property taxes, and revenue passed along from the federal government. State and local governments collect taxes imposed on business firms. States and local governments rely only on sales taxes.
of the following, which are true of state and local taxes? Select all that apply. State and local governments give a portion of their revenue to the federal government. The main revenue sources for state and local governments are sales taxes, property taxes, and revenue passed along from the federal government. State and local governments collect taxes imposed on business firms. States and local governments rely only on sales taxes.
Chapter3: Economic Decision Makers
Section: Chapter Questions
Problem 3.11P
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