Question

Identify the correctly matched pair of items in Column A to those in Column B:

Column A	Column B
1. Income Tax	(a) Forced Transfer
2. Services of Housewives	(b) Market Activities
3. Retirement Pension	(c) Taxable for Firm
4. Annual value of goods and services produced.	(d) Income method

Options

• 1 - (a)

• 2 - (b)

• 3 - (c)

• 4 - (d)

Answer 1

1 - (a)

Explanation:

Because the tax payer cannot avoid it, income tax is a forced transfer.