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  3. for each of the four (4) characteristics listed, i

For each of the four (4) characteristics listed, indicate the number of the item (1...

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Accounting

For each of the four (4) characteristics listed, indicate the number of the item (1 through 6) that provides the BEST definition of that characteristic.

A) Neutrality

B) Vertical Equity

C) International Competitiveness

D) Balance

Match the four with the following

1.

The tax system should be able to easily adjust when necessary to meet changes in economic or social conditions.
2.

A tax system should ensure that no one type of business or individual should carry a disproportionate share of the tax burden.
3.

A country's tax system should consider how they compare to other countries to ensure that taxpayers do not leave for preferable tax conditions.
4.

Taxpayers' economic decisions regarding how to maximize their use of resources should not be influenced by differing tax treatments.
5.

An individual who earns more than $216,511 should pay more tax than someone who earns less than $151,978.
6.

Two individuals with the same level of income should pay the same amount of tax.

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