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WAEC Economics 1994 Question 37

Question 37

Public Finance

Tax evasion in Economics means

  1. A.false declaration of assets
  2. B.paying tax only as and when due
  3. C.declaration of assets
  4. D.tax payment according to income received
  5. E.quarrelling with tax collectors
Show the answer and explanation

Answer: A (false declaration of assets)

Explanation

Tax evasion is illegally escaping tax, for example by falsely declaring income or assets.