The benefits-received principle of taxation is most evident in:
A. progressive tax rates.
B. excise taxes on gasoline.
C. the personal income tax.
D. the corporate income tax.
Answer: B
You might also like to view...
The unemployment rate is interpreted as the percentage of the
A. able-bodied population who are not working. B. labor force that are not employed. C. workforce that have been laid off. D. adult population who are unemployed.
In the figure above, an increase in the quantity of oil supplied but NOT an increase in the supply of oil is shown by a movement from
A) point a to point e. B) point a to point b. C) point a to point c. D) point a to point d.
Four firms agree to operate as a monopoly and charge the monopoly price of $15 for their product and (jointly) produce the monopoly quantity of 25,000 units. If the competitive price for the product is $8, under the Clayton Act these four firms face treble damages of ________.
A) $525,000 B) $3,000,000 C) $1,000,000 D) $175,000
The investment demand curve shows the amount businesses spend for investment goods at different possible:
a. price levels. b. levels of GDP. c. rates of interest. d. levels of taxation.