Louis XVI and France Was Unable to Reform the Tax

question 35

Multiple Choice

Louis XVI and France was unable to reform the tax system because

• A)the king did not want to lose the income he received from selling offices.
• B)farmers resisted any tax reform because they were making large profits from overseas sales.
• C)appointed ministers were corrupt.
• D)high harvests would increase taxes for both the small farmer as well as the large land owner.
• E)the tax system was too complex to tackle change.

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Definitions:

Employer Only

A term that may refer to expenses or contributions that are solely the responsibility of the employer and not shared with employees.

Contingent Liability

A potential financial obligation that may arise in the future, depending on the outcome of a specific event.

Estimable

Capable of being reasonably estimated or calculated, often used in the context of accounting to refer to expenses or losses.

Reasonably Possible

A term used in accounting and law to describe an outcome that, while not certain, is more than a mere possibility and should be considered or disclosed.