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Ramona Michelle Magtangob
on Nov 26, 2024

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The benefits-received principle of taxation is

A) the basis for the gasoline tax.
B) easy to apply because benefits received are conveniently measurable.
C) applied in income-redistribution programs.
D) the principle behind the income tax system.

Benefits-received Principle

This principle suggests that individuals should pay taxes in proportion to the benefits they receive from government services.

Taxation

The process by which a government imposes charges on citizens and corporate entities to finance government spending and public services.

Gasoline Tax

A tax imposed by governments on the sale of gasoline, typically used to fund transportation-related projects.

  • Understand the fundamentals of the benefits-received and ability-to-pay theories in taxation.
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Nikki NicoleNov 30, 2024
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