Homework SourseFor most local governments the annual operating budget has a
For most local governments, the annual operating budget has an important influence on the determination of the annual
A.
Hotel occupancy tax rate
B.
Property tax rate
C.
Sales tax rate
D.
Income tax rate
For most local governments, the annual operating budget has an important influence on the determination of the annual
A.
Hotel occupancy tax rate
B.
Property tax rate
C.
Sales tax rate
D.
Income tax rate
For most local governments, the annual operating budget has an important influence on the determination of the annual
A.
Hotel occupancy tax rate
B.
Property tax rate
C.
Sales tax rate
D.
Income tax rate
Solution
for most local government, the annual operating budget has an influence on determination of the annual property tax rat
Answer is (B) Property tax rate
Explanation: In U.S. , property tax is the major source of revenue for local govt. Since this tax is mch maligned tax coz it is the tax on wealth and it is not connected to one\'s ability to pay(i.e. actual income)
