the ability-to-pay concept is fundamental to the income tax structure. Constructs used to implement this concept include: I. Deductions II. Progressive tax rates III. Exclusions IV. Tax credits a.Only statement IV is correct. b.Only statements I and III are correct. c.Only statement II is correct. d.Only statements I, III, and IV are correct. e.All of these statements are correct.

I.DeductionsII.Progressive tax ratesIII.ExclusionsIV.Tax credits

a.Only statement IV is correct.

b.Only statements I and III are correct.

c.Only statement II is correct.

d.Only statements I, III, and IV are correct.

e.All of these statements are correct.

7.Withholding of taxes from the taxpayers' wages and quarterly estimated tax payments are implemented by the

a.ability-to-pay concept.

b.capital recovery concept.

c.arm's-length transaction concept.

d.pay-as-you-go concept.

e.administrative convenience concept.