What Is a Carbon Tax

question 1

Multiple Choice

What is a carbon tax?

• A)It is a tax imposed by the World Bank on excessive carbon usage.
• B)It is a tax imposed by the U.S.government on excessive vehicle emissions.
• C)It is a regressive tax.
• D)It is a tax on the use of fuels that cause the emission of carbon dioxide and other greenhouse gases into the atmosphere.

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Definitions:

ASPE

Accounting Standards for Private Enterprises, a set of accounting standards for private companies in Canada.

Expenses

Costs incurred in the operation of a business that are not directly tied to the production of goods or services but are necessary for the business's functioning and profitability.

Nature

The inherent qualities or characteristics of something; in accounting, it may relate to the types of expenses or incomes.

Function

In mathematics, a relationship or expression involving one or more variables.