Revenues are taxed: a. for economic stabilization. b. to achieve socially desirable goals. c. to provide revenues for government expenditures. d. all of these.

Question

Reagan

Business

15 August, 15:14

Revenues are taxed: a. for economic stabilization. b. to achieve socially desirable goals. c. to provide revenues for government expenditures. d. all of these.

+5

Answers (1)

Know the Answer?

Deon Klein · Answer 1

The correct answer is letter "D": all of these.

Explanation:

The principal source for the government to finance its diverse programs and fulfill most of its goals rely on taxpayers' federal tax which is deducted out of their revenue. Social programs like Medicaid, investing in schools, technology, and infrastructure are mainly financed out of tax payments. By doing this, the government can allocate wealth among those who are in most need.