Answered

Part I of the Income Tax Act (ITA) is the largest and most important of the 50 parts of the ITA.

A. True
B. False



Answer :

GinnyAnswer

Final answer:

Part I of the Income Tax Act is not the largest and most important part. The personal income tax is a significant revenue source for the government.


Explanation:

False. Part I of the Income Tax Act (ITA) is not the largest and most important of the 50 parts of the ITA. The personal income tax is the largest single source of tax revenue in the United States, but it still represents less than half of federal tax revenue.


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