According to the Benefits-Received Principle of Taxation

question 120

Multiple Choice

According to the benefits-received principle of taxation

• A)individuals who receive the benefits from a government program should pay the taxes that support the program.
• B)because high-income individuals receive the most benefits from government programs, they should pay more taxes than lower-income individuals.
• C)people in the same economic situation should bear an equal share of the tax burden.
• D)the benefits of government programs such as national defense are shared equally by all people; therefore, the burden of paying for these programs should be shared equally.

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Definitions:

Implied Covenant

A legal concept that infers certain promises or conditions in a contract even though they are not expressly stated.

Good Faith

The honest intention to act without taking an unfair advantage over another party in a transaction.

Unemployment Compensation

Financial payments made to individuals who have lost their jobs, intended to support them financially while they seek new employment.

Human Resources

The department within a business that is responsible for all things worker-related, including recruitment, training, and compliance.