State and local governments

A) use a mix of taxes and fees to generate revenue.
B) are required by federal mandate to levy income taxes.
C) are required to tax property at a standard rate set by the federal government.
D) must tax wages more heavily than interest and dividend income.

State and Local Governments

State and local governments refer to the administrative bodies governing regions below the national level, responsible for local laws, education, transportation, and more.

Federal Mandate

A requirement or order from the federal government that state or local governments, or private parties must follow, often with accompanying funds.

Income Taxes

Taxes levied by governments on individuals or businesses based on their net income or profit.