Question
Individuals should be asked to pay taxes according to
their ability to pay. As income increases the taxes should increase. Which of the following principles of taxation is based on equity and fairness?Solution
Horizontal Equity: It is the notion that equally situated individuals should be taxed equally. More specifically, persons of equal income should pay identical amounts in taxes. But it is very difficult to apply the concept in practice. Vertical Equity : This means that unequals should be treated unequally. This concept is also known as ability-to-pay principle. It means the total tax burden will be distributed among individuals according to their capacity to bear it, taking into account all of the relevant personal characteristics.
In the following question select the answer pair that expresses a relationship most similar to that expressed in the capitalised pair.
COMPLAIN...
Select the most appropriate antonym of the bold word.
He was reluctant to leave the village for the job he liked the most.
Choose the one which best expresses the meaning of the given word .
Euphoria
Select the most appropriate meaning of the idiom:
"To throw in the towel"
- In the following sentence, choose the word opposite in meaning to the bold word to fill in the blank.
Although the professor's explanation was verb... Find the word with the appropriate similar meaning of the word in Italic from the options given:
The CEO appreciated the manager's astute decis...
- In each of the following questions, a pair of words is given. This pair is followed by four other pairs, one of which has a relationship most similar to th...
In each of the following questions, three out of four words given have the same meaning. Mark the number as your answer which is different in meaning f...
Find out the appropriate word.
Select the most appropriate synonym of the given word
Fascination
