Asked by
Nisha Chandru
on Oct 13, 2024
Verified
Which of the following pairs represents the chief source of income and the most important type of expenditure of local governments?
A) Property tax and expenditures for highways
B) Property tax and expenditures for education
C) Sales and excise taxes and expenditures for public welfare
D) Sales and excise taxes and expenditures for police,fire,and general government
Property Tax
A tax levied by local government units on real estate based on the property's value, used to fund public services such as education, infrastructure, and law enforcement.
Expenditures for Education
The total amount of money spent on education, including costs such as teacher salaries, school supplies, and infrastructure.
Local Governments
Subnational administrative bodies responsible for the governance of areas smaller than a state or province, often managing local services and policies.
- Determine the primary origins of federal and state tax income and their importance.
- Understand the elementary functions of the government in the economy and the differences between the responsibilities of the public and private sectors.
Verified Answer
DP
Learning Objectives
- Determine the primary origins of federal and state tax income and their importance.
- Understand the elementary functions of the government in the economy and the differences between the responsibilities of the public and private sectors.