2. which of the following statements is (are) correct for the United.docx - 2 which of the following statements is(are correct for the United States(x

2. which of the following statements is (are) correct for the United.docx

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2. which of the following statements is (are) correct for the United States?(x) The individual income tax and the payroll tax are the twolargest sources of revenue for the U.S. federal government.(y) Corporate income taxes and excise taxes make up more than 30 percent of the tax revenue for the U.S. federal government.(z) In general, the two most important taxes for state and local governments in the U.S are sales taxes and property taxes. A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (x) only 3. According to the textbook, which of the following statements is (are) correct?(x) As a nation gets richer, the government typically takes a larger share of income in taxes.(y) In 1902 the government (federal, state and local) in the U.S collected about 7 percent of total income in taxes and in

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