WGU C237 Tax 1

Western Governors University

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WGU C237 Tax 1 2019 version, Exam Questions and answers, 100% Accurate, VERIFIED 2024
  • Exam (elaborations)

    WGU C237 Tax 1 2019 version, Exam Questions and answers, 100% Accurate, VERIFIED 2024

  • Two components of the tax calculation - tax base multiplied by the tax rate Characteristics of a "Tax" - >Payment required - NOT VOLUNTARY >Payment imposed by government agency (federal, state, local) >Payment not tied directly to benefit received by the taxpayer 16th Amendment - removed all doubt that a federal income tax was allowed under the U.S. Constitution Horizontal equity - taxpayers in similar situations pay the same tax vertical equity - taxpayers in different situati...
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