Question

How are taxes and fees different? (1 point) Responses Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services. Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services. Taxes are a payment to the government for public works, and fees are money borrowed by the government. Taxes are a payment to the government for public works, and fees are money borrowed by the government. Taxes are less regulated than fees since they rarely require a vote to raise. Taxes are less regulated than fees since they rarely require a vote to raise. Taxes are a charge on a service provided by the government, and fees are payments to the government to fund public works.
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Answer 1

The accurate distinction between taxes and fees is as follows: **Taxes are meant to raise revenue for the government to fund public services and works, while fees are charges for specific services provided by the government and are intended to recover the costs associated with those services.**

So the first response you mentioned is correct: "Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services."