Question

Forly two percent of federal revenue comes from ______.

Income taxes paid by businesses and corporations
make up about ___%
of federal revenue.

Taxes collected for Social Security and Medicare make
up __% of federal revenue.

Answer 1

Answer:

individual tax income, 9 percent, 40 percent.

Explanation:

Answer 2

The federal government receives 42% of its money from individual tax income.

Businesses and companies pay around $9$ percent of federal revenue in income taxes.

Social Security and Medicare taxes account for $40$ percent of total federal revenue.

Define federal revenue.

Individual, corporation, and social insurance taxes are the primary sources of federal revenue, which are collected from persons who live, work, including doing business in the USA each fiscal year.

The government uses the federal taxes one pay to develop new technologies and education, as well as to deliver products and services towards the American people.

The federal government receives 42% of its money from individual tax income.

Businesses and companies pay around $9$ percent of federal revenue in income taxes.

Social Security and Medicare taxes account for $40$ percent of total federal revenue.

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