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Making Spending Decisions

Question 1 • ***CPS Online Personal Finance fall – 3-2027

Forty-two percent of federal revenue comes from .

Answer
A
payroll taxes
B
corporate income taxes
C
individual income taxes

Explanation

Individual income taxes make up about 42% of federal revenue, making them the largest source among these choices. Payroll taxes and corporate income taxes each account for smaller shares.

AI-written and checked against the verified answer.

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