Net taxes are:
A)taxes plus transfer payments.
B)taxes minus transfer payments.
C)an injection into the economic system.
D)consumption after taxes.
E)government spending minus taxes.

Question

Quizplus · Accepted Answer

Net taxes are calculated by subtracting transfer payments (such as Social Security benefits) from the total tax revenue collected by the government. This gives an idea of the tax burden on individuals and businesses in the economy. Therefore, the correct choice is B (taxes minus transfer payments).

Net Taxes Are