According to the textbook, which of the following statements about taxes in the U.S. is (are) correct?(x) Tax evasion is illegal, but tax avoidance is legal.(y) Most economists believe that a corporate income tax affects the stockholders of a corporation but not itsemployees or customers.(z) In practice, the U.S. income tax system is filled with special provisions that alter a family's tax based onits specific circumstances.A. (x), (y) and (z)B. (x) and (y) onlyC. (x) and (z) onlyD. (y) and (z) onlyE. (z) only

Taxes are defined as the compulsory charges imposed by the government of the country on individuals…

Answered: According to the textbook, which of the…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section: Chapter Questions

Problem 22AA

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According to the textbook, which of the following statements about taxes in the U.S. is (are) correct?
1. (x) Tax evasion is illegal, but tax avoidance is legal.
2. (y) Most economists believe that a corporate income tax affects the stockholders of a corporation but not its
  
  employees or customers.
3. (z) In practice, the U.S. income tax system is filled with special provisions that alter a family's tax based on
  
  its specific circumstances.

A. (x), (y) and (z)

B. (x) and (y) only

C. (x) and (z) only

D. (y) and (z) only

E. (z) only

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