ICSE Class 10 Answered
State two sources of government income.
Asked by Topperlearning User | 27 Apr, 2015, 01:40: PM
Expert Answer
Tax revenue and non-tax revenue are two sources of income for the government.
Tax revenue: Tax is the amount of money that the government collects from the citizens of a country to meet the expenditure. For example: Income tax is imposed on income earners and sales tax is imposed on the sellers of goods etc.
Non-tax revenue: The government collects revenue by rendering administrative services to the citizens. For example: License fees, fines charged for violation of rules etc.
Answered by | 27 Apr, 2015, 03:40: PM