Which of the Following Is/are Based on an Ability-To-Pay Concept

question 114

Multiple Choice

Which of the following is/are based on an ability-to-pay concept?
I.A flat tax .
II.Johson City charges all households a flat fee of $25 per month for water usage.
III.Boone County recently established Route 89 as a toll road. All cars traveling from East Johnson City to Appleton pay $1.
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• A)Only statement I is correct.
• B)Only statement II is correct.
• C)Statements II and III are correct
• D)Statements I, II, and III are correct.
• E)None of the statements are correct.

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Definitions:

Corporate Responsibility

A business concept where companies integrate social and environmental concerns in their operations and interactions with stakeholders, beyond minimum legal requirements.

Taxes

Compulsory financial charges or levies imposed by a government on individuals, corporations, transactions, or property to fund public expenditures.

Taxing Entities

Taxing entities are government bodies or jurisdictions with the authority to impose taxes on individuals, property, income, or transactions within their domain.

Inputs

Resources used in the production process, including raw materials, labor, and capital.