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Which of the following is NOT a source of non-tax revenue?

AFines and penalties imposed by regulatory bodies.

BProfits from state-owned enterprises.

CFees for government services, such as permits and licenses.

DIncome tax paid by individuals.

Answer:

D. Income tax paid by individuals.

Read Explanation:

  • Income tax is a direct, compulsory levy on an individual's income and is therefore a type of tax revenue.


Related Questions:

The government's claim on the property of a person who dies without a legal heir or a will is known as:
A tax credit is different from a tax deduction because a tax credit:

Which of the following is a form of indirect tax?

i.Income tax

ii.Wealth tax

iii.Corporation tax

iv.Sales tax

Money received by the government from the sale of its property is considered a:
Indirect tax means -