D is corrent. According to the guidance provided by GASB 33, personal income taxes are an example of a derived tax revenue. Derived tax revenues result from taxes assessed by government on exchange transactions. The taxes are "derived" from the underlying exchange transactions. In the case of personal income taxes, exchange transactions between employers and employees cause employees to owe income taxes to the government.
A is incorrect. Personal income taxes are not voluntary nonexchange transactions.
B is incorrect. Personal income taxes are not imposed nonexchange transactions.
C is incorrect. Personal income taxes are not government-mandated nonexchange transactions.
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