Asked by Krista McGonigle on May 06, 2024

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In 2017, which category represented the largest source of receipts for the U.S. federal government?

A) Medicare
B) Social Security
C) Tariffs
D) Personal income taxes

Personal Income Taxes

Taxes levied on the income of individuals, affecting personal earnings.

  • Identify the sources of government revenue and the biggest expenditure programs.
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TR
taylor rae brundigeMay 08, 2024
Final Answer :
D
Explanation :
In 2017, personal income taxes represented the largest source of receipts for the U.S. federal government, accounting for a significant portion of the federal revenue. Social Security, Medicare, and tariffs also contribute to federal revenue, but personal income taxes are typically the largest single source.