ECONOMICS (CBSE/UGC NET)

ECONOMICS

FISCAL POLICY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is one reason the federal government collects income taxes as a person earns?
A
so that people do not realize exactly how much they are paying
B
so that the money can be put aside until it is needed
C
so that the government can pay bills as they come due
D
so that taxpayers can qualify for refunds of excess tax
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.

There is 1 question to complete.