is a compulsory payment made to the government by the citizens of the nation.

Tax

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Penalty

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Service fee

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Fine

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Solution

The correct option is A Tax
The government spends a lot of money for the welfare and development of the country, and taxes are a primary source of revenue for the government. Tax is a compulsory payment made to the government by the citizens of the nation. They can be classified into direct and indirect taxes.

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