Question

Which of the following describes the nature of non-tax revenue receipts?

• A. They create a liability or reduce government assets.
• B. They do not create a liability or reduce government assets.
• C. They are directly related to the imposition of taxes.
• D. They are always a fixed amount determined by law.

Answer 1

Answer:

B. They do not create a liability or reduce government assets.

• Like all revenue receipts, non-tax revenues do not create a future obligation for the government or deplete its assets.