A portion of individual and corporate revenue that is paid to the government is known as

a. income tax.

b. federal debt.

c. deficit spending.

d. the Federal Reserve System.

Question

Bruno Schmitt

Social Studies

16 April, 05:45

A portion of individual and corporate revenue that is paid to the government is known as

a. income tax.

b. federal debt.

c. deficit spending.

d. the Federal Reserve System.

+1

Answers (1)

Know the Answer?

Guzman · Answer 1

Answer is: a. Income Tax

Private citizens and corporations pay income tax to the government after receiving pay. This is used to fund services offered by the government in the annual budget and to "service" or pay off the national debt.

A portion of individual and corporate revenue that is paid to the government is known asa. income tax.b. federal debt.c. deficit spending.d. the Federal Reserve System.

A portion of individual and corporate revenue that is paid to the government is known as

a. income tax.

b. federal debt.

c. deficit spending.

d. the Federal Reserve System.