Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

a sound allocation system should The town of Seaside has decided to construct a new sea aquarium to attract tourists. The cost of the measure

a sound allocation system should

The town of Seaside has decided to construct a new sea aquarium to attract tourists. The cost of the measure is to be paid by a special tax. Although most of the townspeople believe the sea aquarium is a good idea, there is disagreement about how the tax should be levied. Methods of levying the tax include which of the following?

O a Sales tax on hotel rooms and restaurants

Property tax on businesses: This method allocates most of the costs of the aquarium to the businesses with the most expensive property. These businesses are most likely to be able to afford the additional tax. Not all businesses, however, will benefit from the aquanum.

Income tax on individuals: Once again, this method allocates costs to the individuals who are most likely to be able to afford the additional tax. But not all of these individuals will benefit from the aquarium

O all of the above are methods of levying the tax

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Crosson

9th Edition

B00650WABQ

More Books

Students also viewed these Accounting questions

Question

What is conservative approach ?

Answered: 1 week ago