A General Issue in Tax Policy Is Universality, Which Means

question 21

Multiple Choice

A general issue in tax policy is universality, which means that

• A) everyone pays their fair share of the property tax.
• B) everyone (the universe of tax payers) pays something.
• C) all types of income should be taxed at the same rate.
• D) all income (above $50,000) should be taxed at the same rate.

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Definitions:

Apothecary Equivalent

A term referring to the system of weight and volume measurement used historically in pharmacies and the science of pharmacy.

Fluid Ounce

A unit of volume typically used in measuring liquids, equivalent to approximately 28.4 ml in the British imperial system and 29.6 ml in the US system.

Thyroid

A gland in the neck that produces hormones regulating growth and development through the rate of metabolism.

Practitioner

A professional engaged in the practice of a particular occupation or profession, often within the healthcare industry.