Which of the Following Would Not Be a Failure of the Horizontal

question 10

Multiple Choice

Which of the following would not be a failure of the horizontal equity concept?

• A)Two taxpayers with identical income pay different amounts of tax because one taxpayer's income includes tax exempt interest.
• B)Two taxpayers pay different amounts of property tax amounts on similar plots of land (i.e.,same value)because one plot of land is used to raise crops.
• C)Two taxpayers pay different amounts of estate tax because one taxpayer's estate is worth significantly more.
• D)All of the choices are correct.
• E)None of the choices are correct.

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Definitions:

Money Orders

Payment orders for a specified amount of money that are a secure alternative to cash or personal checks.

UCC

Refers to the Uniform Commercial Code, a set of laws governing sales and commercial transactions in the United States.

Checks

Banking instruments that order a bank to pay a specific amount of money from the writer's account to the person or entity in whose name the check has been issued.

Postdate

To mark or assign a date to a document or check that is later than the actual date.