The Argument That Each Person Should Pay Taxes According to How

question 184

Multiple Choice

The argument that each person should pay taxes according to how well the individual can shoulder the burden is called

• A)the ability-to-pay principle.
• B)the equity principle.
• C)the benefits principle.
• D)regressive.

---

Definitions:

Present System

The current set of methods, processes, or mechanisms in place within an organization or system.

Simple Rate

Simple Rate often refers to a straightforward percentage or rate applied in calculations without complications such as tiering or compounding.

New Machine

Refers to the acquisition of a new piece of equipment or machinery intended to increase productivity or efficiency in a manufacturing or operational process.

Payback Period

The amount of time it takes for an investment to generate an amount of income or cash equivalent to the cost of the investment.