Answer:
The largest source of revenue for the federal government is: c) individual income taxes.
Explanation:
To understand this answer we need to analyze all the options. First of all, corporate income taxes contribute 9% of the federal government source of revenue.
Second, FICA taxes are a big contributor providing 35% of the total federal government source of revenue. However, individual income taxes provide 48% of the total federal government source of revenue.
Interestingly, corporate tax is significantly lower than FICA and personal income tax. But it is because every person who is the owner of a company or a portion of it gets taxed for the wealth he or she makes by personal income tax.
