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Q.

A [[1]] is a sum of money people pay to the authorities/government for the services provided by the government.


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Detailed Solution

A tax is the sum of money people pay to the authorities/government for the services provided by the government.
Providing services and maintaining proper functioning requires a lot of money. The municipal corporation collects this money in different ways. Residents of the city must pay property taxes, as well as taxes for water and other services. Property taxes contribute 25-30% of total revenue to the municipal corporation. Other taxes are levied by the local government: taxes for education, taxes from hotel workshops, etc. The more people pay taxes from their income, the better revenue generation for municipal cooperation.
 
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