Which of the Following Best Reflects the Ability-To-Pay Philosophy of Taxation

question 105

Multiple Choice

Which of the following best reflects the ability-to-pay philosophy of taxation?

• A)an excise tax on coffee 
• B)an excise tax on gasoline 
• C)a progressive income tax 
• D)a tax on residential property

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Definitions:

BC Prints

This term does not have a widely accepted financial definition. It might be specific to a context or an organization. NO.

DSO

Stands for Days Sales Outstanding, a measure used to calculate the average number of days it takes a company to collect payment after a sale has been made.

Disbursement Float

Disbursement float refers to the time delay between writing a check and the time the funds are actually withdrawn from the payer's account.

Chequing Account

A type of bank account that offers easy access to funds for daily transactions, allowing for deposits, withdrawals, and cheque payments.