Question

1. Some localities, especially in southern California, may rely on _________ as the primary source of their own-sourced revenues.

a) personal income tax

b) alcohol beverage tax

c) transient occupancy tax

d) corporate income tax

Answer 1

Own sourced revenue refers to the inocme from fees, taxes, and levies imposed exclusively by a government body on its own.

In Southern California, many localities levies transient occupancy tax on their own and revenue collected from such tax is their primary source of revenue.

Transient occupancy tax implies a tax levied on renting a lodging for a temporary period in a locality.

Thus,

In some localities, especially in southern California, may rely on transient occupancy tax as the primary source of their own sourced revenue.

Hence, the correct answer is the option (c)