Which of the following is an example of concurrent powers?

Concurrent powers are those powers that are shared by both the federal and state governments. Taxation is a primary example of a concurrent power because both levels of government have the authority to impose taxes. The federal government can levy income taxes, while state governments can collect income, sales, and property taxes.

In contrast, the power to declare war is reserved for the federal government, reflecting its role in national defense. Control over foreign trade is also an exclusive power of the federal government, as it manages international relations and trade agreements. The issuance of driver's licenses typically falls under the jurisdiction of state governments, which handle transportation and licensing within their borders. Therefore, the ability to tax stands out as a power exercised by both levels of government, highlighting its nature as a concurrent power.