Question

question 10 (2 points) listen the largest proportion of federal revenues comes from a) borrowing. b) social insurance taxes. c) excise taxes. d) personal income taxes.

Explanation:

To determine the largest source of federal revenues, we analyze each option:

• Option A (borrowing) is a way to finance deficits, not a primary revenue source.
• Option B (social insurance taxes) contribute, but not the largest share.
• Option C (excise taxes) are a smaller revenue component.
• Option D (personal income taxes) historically account for the largest proportion of federal revenues in the US, as individual income tax is a major tax base.

Answer:

D. personal income taxes