Asked by

Dylan Conaway
on Oct 26, 2024

verifed

Verified

The benefits principle of taxation means individuals pay according to:

A) whether and how much they use a good or service.
B) benefits gained by society as a whole.
C) benefits to government from having taxpayers.
D) ability to pay.

Benefits Principle

A taxation principle that states those who benefit from government services should pay in proportion to the amount they benefit.

Taxation

The system through which governments impose financial charges on citizens or corporates to fund public spending.

  • Understand the principles of taxation based on ability to pay and the benefits received.
verifed

Verified Answer

WA
Walid Al-SharafaOct 27, 2024
Final Answer:
Get Full Answer