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Q.

 A ____ is a sum of money that people pay to the government for the services the government provides. 


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Detailed Solution

A tax is a sum of money that people pay to the government for the services the government provides. The cost of maintaining and operating so many services is high. The Municipal Corporation uses different methods to collect this. A tax is a payment made by citizens to the government in exchange for the benefits it offers. Property taxes, water taxes, and other taxes are all obligations of homeowners—the tax increases with the size of the house. Only 25 to 30 per cent of a municipal corporation's revenue comes from property taxes. Additionally, there are levies for luxuries like education. One must also pay taxes if they are the owner of a hotel or shop. As a result, a much larger populace pays more general taxes while wealthy people pay property taxes.
 
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 A ____ is a sum of money that people pay to the government for the services the government provides.