Which of the Following Would Proponents of Tax-Law Changes to Encourage

question 104

Multiple Choice

Which of the following would proponents of tax-law changes to encourage saving most likely do?

• A)They would argue that corporate tax rates should be increased.
• B)They would argue in favour of eliminating or reducing the means tests for government benefits.
• C)They would argue that provincial sales tax should be replaced with provincial income tax.
• D)They would favour the idea of taxing more the rich and less the poor.

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Definitions:

Total Liabilities

The aggregate of all debts and other legal obligations of an individual or company due to other entities.

Total Assets

The sum of all assets owned by a business, including current, fixed, and intangible assets, representing its overall value.

Ethics

The standards of conduct by which actions are judged as right or wrong, honest or dishonest, fair or not fair.

Net Income

The total earnings of a company after all expenses and taxes have been deducted from revenues, indicating the company's profitability.