Which of the Following Is an Example of a Tax

question 145

Multiple Choice

Which of the following is an example of a tax following the benefits principle?
i.sales taxes on gasoline used to fund road maintenance projects
ii.federal income tax used to fund food stamps for poorer households
iii.property taxes used to finance public education

• A) i only
• B) ii only
• C) iii only
• D) ii and iii
• E) i, ii, and iii

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Definitions:

Risky Behaviour

Actions undertaken by individuals or organizations that expose them to potential harm or significant loss.

Bonuses

Additional compensation given to employees as a reward for their performance or for meeting certain objectives.

Cost Reduction

Cost reduction involves strategies and actions taken to decrease expenses and improve efficiency in a business or operation, enhancing overall profitability.

Canadian Organizations

Entities or groups operating within Canada, bounded by its legal, cultural, or geographic context.