Horizontal Equity Exists When Two Similarly Situated Taxpayers Are Taxed

question 51

True/False

Horizontal equity exists when two similarly situated taxpayers are taxed the same.

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Definitions:

Company's Normal Business

Refers to the core activities and operations that a company engages in on a day-to-day basis to generate revenue and profit.

Undertaken

To commit oneself to a task or obligation.

Dividends

Payments made by a corporation to its shareholder members, usually derived from the company's profits.

Effects On Other Parts

The impact that changes or actions in one segment or component have on other segments or components within a system or organization.