Photo AI
The main source of income for the government: A Different types of taxes B Income from business C Sponsorship from overseas companies D Interest received from banks. - NSC Consumer Studies - Question 1 - 2016 - Paper 1
Question 1
The main source of income for the government: A Different types of taxes B Income from business C Sponsorship from overseas companies D Interest received from banks.
Worked Solution & Example Answer:The main source of income for the government: A Different types of taxes B Income from business C Sponsorship from overseas companies D Interest received from banks. - NSC Consumer Studies - Question 1 - 2016 - Paper 1
Step 1
The main source of income for the government:
Answer
The main source of income for the government is derived from various forms of taxation. This includes income tax, value-added tax (VAT), corporate tax, and various other taxes imposed on individuals and businesses. Among the options provided, the correct choice is:
- Answer: A Different types of taxes.