Which of the following statements are correct?1. Ability to pay the principal of taxation holds that the amount of taxes people pay should relate to their income or wealth2. The Benefit Principle of taxation states that individuals should be taxed in proportion to the benefit they receive from Government programmes3. A progressive tax takes a larger share of tax from poor families than it does from rich families4. Indirect taxes have the advantage of being cheaper and easier to collectSelect the correct answer using the code given below:

• A. 1 and 3 only
• B. 2 and 4 only
• C. 1, 2 and 4 only
• D. 1, 2, 3 and 4