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The lesson round-up traces the etymology of the word "tax" to a Latin root carrying a specific meaning. To what Latin word does it trace and what does that word mean?
Answer & Solution
Correct answer: A.
1. The lesson round-up gives the etymology of "tax".
2. It derives from the Latin word "taxo", meaning "to estimate".
3. The other Latin roots, though tax-related in usage, are not the cited etymology.
4. The "to estimate" sense underlies the assessment idea in modern tax law.
_Source: ICSI CS Executive Paper 4 (Tax Laws) — Lesson 1: Direct Taxes — At a Glance, pp. 10-22._
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