According to the Horizontal-Equity Principle of Taxation

question 238

Multiple Choice

According to the horizontal-equity principle of taxation,

• A)individuals who receive the benefits of a good or service should bear a greater share of the tax burden.
• B)individuals who are most able to pay should bear a greater share of the tax burden.
• C)people in the same economic situation should be treated equally.
• D)individuals who are willing to bear a greater share of the tax burden should be compensated with non-monetary benefits.

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Definitions:

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including about potential and existing customers.

Sales Forecasts

Predictions about the future sales performance of a product or service, based on historical data, market trends, and other factors.

Company and Industry

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Setbacks

Unforeseen challenges or obstacles that impede progress.