Give economic term 1) Compulsory contribution from the person to the g

1.	Give economic term 1) Compulsory contribution from the person to the government without reference tospecial benefits confirmed.
Answer» The economic term is TAX. A tax is a monetary payment that an individual must make to the government to cover costs incurred in the general interest of all people, regardless of the particular benefits received. A tax is a part of a person's WEEKLY salary that is withheld and sent to the government. Taxing CITIZENS self EMPLOYED income at the end of the year is also an example of to tax. A failure to pay TAXES, or an avoidance to taxation, is an offence and leads to punishment.

Give economic term 1) Compulsory contribution from the person to the government without reference tospecial benefits confirmed.

Answer»

The economic term is TAX.

A tax is a monetary payment that an individual must make to the government to cover costs incurred in the general interest of all people, regardless of the particular benefits received.
A tax is a part of a person's WEEKLY salary that is withheld and sent to the government. Taxing CITIZENS self EMPLOYED income at the end of the year is also an example of to tax.
A failure to pay TAXES, or an avoidance to taxation, is an offence and leads to punishment.