Which of the following statements are correct?
1. Ability to pay principle of taxation holds that the amount of taxes people pay should relate to their income or wealth
2. The Benefit Principle of taxation states that individuals should be taxed in proportion to the benefit they receive from Government programmes
3. A progressive tax takes a larger share of tax from poor families than it does from rich families
4. Indirect taxes have the advantage of being cheaper and easier to collect
Select the correct answer using the code given
A progressive tax receives a larger percentage from the income of higher earners than it acts from low income person.
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Sentences of a paragraph are given below in jumbled order. Arrange the sentences in the correct order to form a meaningful and coherent paragraph.
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Replace the word against number 26 with the correct option from the given options below:
Five statements are given below labelled 1), 2), 3), 4) and 5). Among these, four statements are in logical order and form a coherent paragraph/passage....
Replace the word against number 26 with the correct option from the given options below: