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(ACE FOR 2024/2025 EXAM REVIEW) Taxation 1 C237 WGU, Exam Review Questions and answers, rated A+
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Taxation 1 C237 WGU, Exam Review Questions and answers, rated A+ 5 Characteristics of 'good' tax structure - -1. Convenience - Easily accessed 2. Certainty - Ensure government stable revenue, taxpayers have some degree of knowledge of their tax liability 3. Economy - Minimal compliance/admin costs 4. Equity - Fairness of tax to the taxpayers 5. Simplicity - Tax system easily understood/comply with 5 characteristics towards federal income tax - -Equity, Certainty, Convenience, Economy DOES NOT meet Simplicity 5 characteristics towards State sales tax - -Equity, Certainty, Convenience, Simplicity. DOES NOT meet Economy 5 characteristics towards local ad valorem propert
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