QUESTION 26 The U.S. tax code is based on the idea that everyone should help finance the government according to ability to pay. O True O False
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Q: A) Which do you think is the most important among the three inherent powers of the state? Why?
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Q: Which of the following is a TRUE statement
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Q: 23
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Q: The additional tax on top of the standard tax?
A: Tax is a compulsory financial charge levied by government for finding the source of public…
Q: None
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Q: $300 paid for meals by a self-employed taxpayer while traveling on business
A: Since the person is self employed, it is for AGI deduction
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Q: In the case of income tax there are high tapayer costs but low government costs True False Question…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
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Q: 6. A kind of tax paid once a person receive an amount of money from a living relative abroad. O…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
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Q: In the USA, corporations are subject to double taxations. O True O False
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A: An investor is defined by three major characteristics, safety, income, and growth of capital.
Q: S1- Tax is an involuntary fee levied on businesses that is enforced by the legislative body in order…
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Q: ● ● ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM Fiscal Adequacy - sources of revenue should be…
A: There are two types of taxes levied by any government which is the main source of revenue for the…
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Q: 6. Which of the following is gerally serving the regulatory function of taxation? a. Real Estate Tax…
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Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…
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Q: 3. State four reason that tax policies are used for by the government.
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Q: A) Which do you think is the most important among the three inherent powers of the state? Why? B) If…
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Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…
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Q: the tax must be paid by the donee. True False
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Q: 4
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Q: Tax-deferred income is never taxed. O True O False
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Q: • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public…
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- choose the correct answer• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.4 Which of the following statements is/are correct?I. Tax evasion in one year can be offset by paying excessive taxes in the following year.II. Taxation can be exercised by local government units even without a previous constitutional authorityIII. Tax laws should always be aimed at revenue collection.IV. A tax is a voluntary donation to the government.V. The salary of the President of the Philippines is not subject to income tax. Group of answer choices Answer not given I, IV and V All statements are correct IV and V II, III and V III, IV and V All statements are incorrect
- Why income tax is higher than corporate tax around the world?• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
- M 18 Let’s say the current progressive personal income tax is now replaced by a flat tax, as advocated by many people for efficiency reason. A flat tax keeps only the standard deduction for a married couple (say in this case, $40,000) and a single tax payer (say $20,000), and gets rid of all other kinds of exclusions, adjustments, exemptions, deductions and tax credits. What remains of your income will be subject to a flat tax rate of, say, 20%. Here are two questions: a) Is this a proportional tax or is it still a progressive tax? (To help you answer this question, think of two hypothetical families with two different income level at $50,000 and $100,000. What is the average tax rate for these? two families under this flat tax system?) b) How is this flat tax compared to our current personal income tax design, as the one in Question 1, in terms of vertical equity?I need the answer as soon as possible• Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.
- • Fiscal Adequacy - sources of revenue should be sufficient to meet the demands of public expenditure. ● BASIC PRINCIPLES OF A SOUND TAX SYSTEM ● Equality or theoretical Justice tax burden should be in proportion to the taxpayer's ability to pay. (Ability-To-Pay Principle) - Administrative Feasibility tax laws should be capable of convenient, just and effective administration. - A) Which do you think is the most important among the three inherent powers of the state? Why? B) If a tax law violates one of the three principles of sound tax system, is it necessarily null and void? Explain your answer.Pls answer number 7 to 10. Thanks youPls answer number 1 to 5 True or false
