Question

How are federal and state revenues different?

A The federal government relies heavily on payroll taxes
and states do not.

B The federal government collects excise taxes and states
do not.

C State budgets rely heavily on individual income taxes and
the federal budget does not.

D State budgets require less from other taxes than the
federal budget does.

Answer 1

Answer:

c) State budgets rely heavily on individual income taxes and the federal budget does not.

Explanation:

edge 2020

Answer 2

The correct option is C. The difference between federal and state revenues is that State budgets rely heavily on individual income taxes and the federal budget does not.

What is the difference between Federal and State?

Everyone in the US is subject to federal laws. For those who reside or conduct business in a specific state, commonwealth, territory, county, city, municipality, town, township, or village, state and local laws apply.

Federal income taxes are collected by the federal government to pay bills, whereas state taxes are collected by individual state governments in order to pay their particular state expenses. This is the main distinction between state and federal taxes.

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