Justice in Taxation Is Best Ensured by Applying the Principle

question 4

Multiple Choice

Justice in taxation is best ensured by applying the principle of

• A)equal absolute sacrifice
• B)equal proportional sacrifice
• C)equal marginal sacrifice
• D)quid pro quo

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Definitions:

Samples

Small portions or quantities intended to show what the whole is like.

Observed Characteristics

Traits or features that have been recorded or noted through observation or study.

Default

The failure to meet the legal obligations or conditions of a loan, such as not making payments on time.

Credit Policy

Refers to a set of guidelines that a company uses to determine how much credit to extend to customers.