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WGU-C237 TAXATION I EXAM QUESTIONS AND ANSWERS (LATEST ) VERIFIED ANSWERS.pdf
WGU-C237 TAXATION I EXAM QUESTIONS AND ANSWERS (LATEST ) VERIFIED ANSWERS.pdf
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WGU-C237 TAXATION I EXAM QUESTIONS AND ANSWERS (LATEST 2023) VERIFIED ANSWERSWGU-C237 TAXATION I EXAM QUESTIONS
AND ANSWERS (LATEST 2023) VERIFIED
ANSWERS
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A subset of the tax base subject to a specific tax rate. Brackets are common to
graduated taxes - correct answers ✅Bracket
One of criteria use to evaluate tax systems: taxpayers should be able to
determine when, where and how much tax to pay - correct answers
✅Certainty
One of criteria used to evaluate tax systems: tax system should be designed to
facilitate the collection of tax revenue without undue hardship on the
taxpayer or the government - correct answers ✅Convenience
The process of forecasting tax revenues that incorporates into the forecast
how taxpayers may alter their activities in response to a tax law change -
correct answers ✅Dynamic forecasting
, WGU-C237 TAXATION I EXAM QUESTIONS AND ANSWERS (LATEST 2023) VERIFIED ANSWERS
A tax assessed for a specific purpose - correct answers ✅Earmarked tax
One of the criteria used to evaluate tax systems: a tax system should
minimize its compliance and administration costs - correct answers
✅Economy
Taxes consisting of the "OASDI" tax along with medical health insurance
"MHI" - correct answers ✅Employment taxes
One of the criteria used to evaluate a tax system: system is considered fair or
equitable if the tax is based on the taxpayer's ability to pay; taxpayers with a
greater ability to pay, pay more tax. - correct answers ✅Equity
Taxes levied on the retail sale of particular products. Tax base typically
depends on the QUANTITY purchased rather than a monetary amount. -
correct answers ✅Excise tax
Taxes directly imposed by a government - correct answers ✅Explicit tax
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