Question

What is the major source of revenue for most state governments?

A: Sales and individual income taxes.
B: Property and gasoline taxes.
C: Alcohol and tobacco taxes
D: Business income and licensing taxes.

Answer 1

b: sales and individual income taxes

Answer 2

Answer:

A: Sales and individual income taxes.

Explanation:

States collect taxes from individuals and organizations to maintain the state government operation and public services and they are different in each state as the states define their tax system. State governments collect taxes from 3 major sources that are sales, income and property taxes. According to this, the answer is that the major source of revenue for most state governments is sales and individual income taxes.