Question

2. Imposition and collection of tax revenue is considered a(an)

a. exchange transaction
b. donation
c.non-exchange transaction
d. any of these​

Answer 1

Explanation:

Taxation, imposition of compulsory levies on individuals or entities by ... primarily to raise revenue for government expenditures, although they serve other ...

Answer 2

Answer:

Option (a), exchange transaction is the correct alternative.

Explanation:

Imposition and collection of tax revenue is considered an exchange transaction. People pay taxes in return of facilities provided by the government as these facilities need some repair and development with time.