Which of the following tax concepts MOST likely evaluates the cost of administering the tax system?

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BlackTom AI · Accepted Answer

Let’s begin by identifying what the question is asking: it wants to know which tax concept MOST likely evaluates the cost of administering the tax system.
Since the provided data shows an answer of Economy, we can reason through why Economy fits this concept.
Economy, in tax policy terms, refers to minimizing the cost of collecting and administering taxes. It focuses on the administrative burden, resources, and efficiency of the tax system, aiming to reduce overhead, compliance costs, and complexity for both the government and taxpayers.
If we consider the other well-known tax concepts (such as equity, efficiency, and accuracy), they address fairness (equity), optimal resource allocation (efficiency), and correct calculation/estimation (accuracy). None of these primarily address the cost of administration, whereas Economy specifically targets minimizing administrative expenses and burdens.
Because the question asks for the concept that MOST likely evaluates administering costs, selecting Economy aligns with its core objective of cost-effective administration. 
Note: there are no answer choices provided in the prompt to compare against Economy, so this explanation emphasizes why Economy is the appropriate concept given the stated aim. If alternative options were present (e.g., Equity or Efficiency), we would contrast them based on whether they concern fairness or resource allocation rather than the administrative cost perspective.

SU25-BL-BUS-A329-2695 Quiz 1

Which of the following tax concepts MOST likely evaluates the cost of administering the tax system?

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