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Sources of Income to the Government

Tax is a made...

Question

Tax is a made to the government by the citizens of a nation.

A

biannual fee payment

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B

compulsory payment

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C

discretional payment

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D

form of investment

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Solution

The correct option is B compulsory payment
Tax is a compulsory payment made to the government by the citizens of a nation. The citizens who pay tax are called taxpayers. Through taxation, the government generates income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens.

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