Question

Match the following cost allocation method with the taxing illustration.       -       A....

Match the following cost allocation method with the taxing illustration.

      -       A.       B.       C.       D.   

Cause and effect criterion
      -       A.       B.       C.       D.   

Benefits-Received
      -       A.       B.       C.       D.   

Equity or Fairness
      -       A.       B.       C.       D.   

Ability to Bear
A.

Speeding ticket
B.

Property taxes
C.

Poll tax
D.

Income Tax
Business   Accounting   
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Answer #1
A[ Cost allocation] B [ Tax Illustration] Reason
Cause and effect criterion Speeding ticket Due to overspeeding cause , the speeding ticket has been give by the policemen to charge fine.
Benefits received Property taxes On the basis of the benefits derived by the property, the property taxes use to be calculated
Equity and fairness Income tax On the basis of level of earning , different rates of income taxes are charged , to maintain equity . Higher income classes has been charges with higher tax bracket and Lower income generating classes charges lowest rate of tax bracket.
Ability to pay Poll tax Poll tax is applicable for requirement of giving votes. It is applicable for all if people wanted to give vote.
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