Which of the Following Is Not Based on the Benefits-Received

question 137

Multiple Choice

Which of the following is not based on the benefits-received principle of taxation?

• A)charging a fee for use of public golf courses
• B)differences between residential and out-of-state college tuition
• C)the excise tax on gasoline
• D)toll booths on a highway
• E)charging a fee per bag to haul away garbage

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Definitions:

Return on Assets

A financial metric that assesses a firm's ability to generate earnings from its assets, determined by dividing its net income by its overall assets.

Earning Per Share

The earnings a company makes per share of its common stock outstanding, signifying how profitable the company is.

Total Equity

The value left in a company after deducting total liabilities from total assets, representing the ownership value in the company.

Profit Margin

A financial metric expressed as a percentage, indicating how much of each dollar in revenue is translated into profit.