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Which of the following source of income is spectacular only to Government ?

Which of the following source of income is spectacular only to Government ?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Payment from business transfer
  • B Bonuses
  • C Tax
  • D Wages
Correct Answer: Option C
Explanation:
Tax, government generate income or revenues by taxing individual and corporate bodies. This process is referred to as taxation. Taxation is the act or method of imposing a compulsory levy by the government or it's agency on individuals and firms or on goods and services. Tax is the compulsory levy imposed by the government or it's agency on individuals and firm or on goods and services

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