ECONOMICS
FISCAL POLICY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is one reason the federal government collects income taxes as a person earns?
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so that people do not realize exactly how much they are paying
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so that the money can be put aside until it is needed
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so that the government can pay bills as they come due
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so that taxpayers can qualify for refunds of excess tax
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Explanation:
Detailed explanation-1: -The purpose of taxes is to provide the government with funds for spending without inflation. Taxes are used by the government for a variety of purposes, some of which are: Funding of public infrastructure. Development and welfare projects.
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