Net taxes are A. the total amount of taxes paid to the government B. total tax revenues of the federal government C. total tax revenues plus transfer payments D. total tax revenues minus transfer payments E. total tax revenues minus taxes paid by firms

Question

Business

Maverick Marks

1 December, 08:51

Net taxes are A. the total amount of taxes paid to the government B. total tax revenues of the federal government C. total tax revenues plus transfer payments D. total tax revenues minus transfer payments E. total tax revenues minus taxes paid by firms

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Answers (2)

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Nicolas Faulkner · Answer 1

D. total tax revenues minus transfer payments

Explanation:

Net taxes are a measure to indicate the tax activities of the government and refer to the taxes that are paid to the government minus the transfer payments. According to this, the answer is that net taxes are the total tax revenues minus transfer payments.

Luciana · Answer 2

D. Total tax revenues minus transfer payments.

Explanation:

The net taxes or the net of taxes can termed as the taxes which are received by the federal government (considered as their revenue) minus the transfer payments made by them (considered as govt. expense).

Hope this clear things up.

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