Score: 1 Attempts: 51. Chapter mazpe08r, Section.121, Problem 001 (ID: 001.12.1

Question

Score: 1 Attempts: 51. Chapter mazpe08r, Section.121, Problem 001 (ID: 001.12.1 MC - MANKO8) Which of the following is true about the percent of total income all levels of government in the U.S. take as tax b. In 1902 the government collected about 30 percent of total income. In recent years, it collected about 7 percent es? O a. In 1902 the government collected about 7 percent of total income. In recent years, it collected about 30 percent of total income. Oc. In 1902 the government collected about 7 percent of total income. In recent years, it collected about 7 percent of total income. d. In 1902 the govermment collected about 30 percent of total income. In recent years, i collected about 30 percent of total income Save & Continue Continue without saving Copyright Notices Terms of UsePrivacy Notice Security Notice Accessibility

Explanation / Answer

A) in 1902 the government collected about 7% of total income. In recent years, it collected about 30% of total income

Before, 1920 the tax collected was considerably less. It was less than 10% and around 7% in the USA but it increased drastically after 1920 to 1980 due to the first world war and never dropped to that low till than. Currently it is around 30% of the total income.

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