Taxation According to the Ability-To-Pay Principle Is Best Illustrated in the United

question 237

Multiple Choice

Taxation according to the ability-to-pay principle is best illustrated in the United States by _____ taxes.

• A)sales
• B)personal income
• C)excise
• D)gasoline

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Definitions:

Manufacturers

Entities engaged in the production of goods for sale, typically involving large-scale operations and the use of machinery and labor.

Business-to-Business Marketing

The marketing of products or services to other businesses or organizations.

Not-for-Profit Organizations

Not-for-profit organizations are entities that operate for purposes other than making a profit, focusing instead on social, educational, charitable, or other activities serving the public interest.

Institutional Marketing

Marketing strategies and efforts focused on creating awareness and selling products or services to large organizations rather than individual consumers.