The U.S. federal government earns most of its revenue from _______ and spends the largest share of its revenue on _______. Fill in the blanks with the correct answer pairing.(1 point)ResponsesIndividual income taxes and educationIndividual income taxes and educationSocial Security and health careSocial Security and health careSocial Security and interest on the national debtSocial Security and interest on the national debtIndividual income taxes and health care
Individual income taxes and health care
The correct answer is "Individual income taxes and Social Security." The U.S. federal government earns most of its revenue from individual income taxes and spends the largest share of its revenue on Social Security.
The correct answer pairing is: Individual income taxes and Social Security.
To determine the answer to this question, you can refer to official government sources such as the U.S. Federal Budget or reports from the Congressional Budget Office (CBO). These resources provide comprehensive information on government revenue and expenditures.
Regarding the first blank, individual income taxes are a significant source of revenue for the U.S. federal government. These taxes are imposed on the income earned by individuals and families, and they contribute a substantial portion to the government's overall revenue.
For the second blank, Social Security is a major expenditure for the U.S. federal government. Social Security is a program that provides income support, particularly for retired and disabled individuals. It is financed by a separate tax called the Social Security tax, which forms a significant part of government spending.
Therefore, the U.S. federal government earns most of its revenue from individual income taxes and spends the largest share of its revenue on Social Security.