Question

1. Match the two parts of the sentences
1. Ability-to-Pay Principle of taxation
2. Taxation
3. Progressive tax
4. Liability
5. Dividend
a) a share of the after-tax profit of a company, distributed to its shareholders according to the number and class of shares held by them
b) principle that states taxes ought to be paid by those who can best afford them.
c) legal responsibility for something, especially for paying money that is owed, or for damage or injury
d) one that imposes a higher percentage rate of taxation of people with high incomes than on those with low incomes
e) raising money from individuals and organizations by the state in order to pay for the goods and services it provides