Employers often withhold federal income taxes directly from worker's paychecks. This is an example of which principle in practice?

Question

Quizplus · Accepted Answer

This is an example of the convenience principle, which states that tax collection should be convenient for taxpayers and government administrators. By withholding taxes directly from worker's paychecks, it is more convenient for taxpayers to pay their taxes in smaller increments throughout the year rather than in one lump sum at the end of the year. It is also more convenient for the government to collect taxes regularly throughout the year rather than having to wait until tax season to collect all the owed taxes.

Employers Often Withhold Federal Income Taxes Directly from Worker's Paychecks