How are taxes and fees different?(1 point)

Question

Responses

Taxes are a payment to the government for public works, and fees are money borrowed by the government.

Taxes are a charge on a service provided by the government, and fees are payments to the government to fund public works.

Taxes are less regulated than fees since they rarely require a vote to raise.

Taxes are meant to raise revenue, while fees are meant to regain lost funds from providing services.

Answer 1

Taxes are compulsory payments to the government, while fees are payments for specific services or privileges provided by the government.