A. structure of the tax.
B. ultimate distribution of a tax’s burden
C. behaviour of shifting the tax to another party
D. measure of the impact the tax has on employment and output
Related Mcqs:
- The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?
A. indirect taxes
B. direct taxes
C. inelastic
D. value-added tax - Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?
A. Rs 50000
B. 20%
C. 25%
D. Rs 10000 - Where a tax can be shifted the incidence depends on ?
A. whether there is perfect or imperfect information
B. who is legally obliged to pay the tax
C. elasticities of demand and supply
D. how many producers there are: - Tax incidence is the ?
A. behaviour of shifting the tax to another party.
B. structure of the tax
C. ultimate distribution of a tax’s burden.
D. measure of the impact the tax has on employment and output - Where a tax can be shifted, the incidence depends on ?
A. Whether there is perfect or imperfect information
B. elasticities of demand and supply
C. how many producers there are:
D. who is legally obliged to pay the tax - From the sale of capital assets tax is levied on profits. What this tax is called ?
A. Profit tax
B. Capital gains tax
C. Excise duty
D. Capital tax - A tax which is paid by the person on whom the tax is incident is called a ?
A. Local tax
B. Indirect tax
C. Direct tax
D. Rate - The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a ?
A. none of these answers
B. Reagan curve
C. Keynesian curve
D. Laffer curve
E. Henry George curve. - The appropriate tax rate to consider gauging how much the tax system distorts incentives and decision making is the ?
A. Proportional tax rate
B. average tax rate
C. marginal tax rate
D. vertical tax rate
E. horizontal tax rate - When a tax distorts incentives to buyers and sellers so that fewer goods are produced and sold than otherwise the tax has ?
A. caused a deadweight loss
B. decreased equity
C. generated no tax revenue
D. increased efficiency
