Which of the Following Characterizes a Good Tax Base

question 14

Multiple Choice

Which of the following characterizes a good tax base?

• A) The base can be easily expressed in monetary terms.
• B) Taxpayers cannot easily avoid or conceal the base.
• C) Taxpayers cannot easily move the base from one jurisdiction to another.
• D) All of these choices characterize a good tax base.

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Definitions:

Material Quality

The attribute or property of a material, indicating its ability to meet specified standards for use or production.

Time-Saving Feature

A functionality within a system or application that helps streamline processes to reduce the amount of time required to complete tasks.

Account Payable

Short-term financial obligations or debts a company owes to its creditors for goods and services received.

Cash Purchase

A transaction where goods or services are paid for with cash at the time of purchase.