Author Question: The benefits received principle suggests that: a. traditional exemptions should be removed since ... (Read 80 times)

neverstopbelieb · **on:** Jun 30, 2018

The benefits received principle suggests that:
a. traditional exemptions should be removed since they benefit people with ability to pay more taxes.
b. people with different levels of income should be treated in the same manner.
c. individuals receiving the benefits should be those who pay for them.
d. those with the greatest ability to pay taxes should pay more than those with the least ability to pay taxes.

Question 2

How many U.S. dollars does a U.S. importer need to pay for 100,000 yen worth of stereo equipment when the price of 1 yen is 0.008?
a. 125 million
b. 1.25 million
c. 80,000
d. 1,250
e. 800