Which of the following statement is correct?

1. Payment of taxes is the personal responsibility of the person
2. There is always a proportionate benefit between the tax and social benefits offered correspondingly
3. The revenue received from taxes is spent for the welfare of public servants in the best possible way
4. Taxation is a voluntary payment by individuals who want to access some privilege given by the government

Only 1

The correct answer is: Only 1.

Here's a breakdown of why the other options are incorrect:

• Payment of taxes is the personal responsibility of the person: This statement is correct. Individuals and businesses are legally obligated to pay taxes.
• There is always a proportionate benefit between the tax and social benefits offered correspondingly: This statement is not accurate. While taxes are used to fund public services, the benefits received by individuals may not always be directly proportional to the amount of taxes paid. For example, a person with a lower income may benefit more from public services like education and healthcare, even though they pay less in taxes.
• The revenue received from taxes is spent for the welfare of public servants in the best possible way: This statement is incorrect. Taxes are primarily used to fund public services and infrastructure, not for the welfare of public servants.
• Taxation is a voluntary payment by individuals who want to access some privilege given by the government: This statement is incorrect. Taxation is mandatory, not voluntary. Individuals and businesses do not have a choice whether or not to pay taxes.