A. Local tax
B. Indirect tax
C. Direct tax
D. Rate
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 - Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the buyers is the area ?
A. B + C + E + F
B. B
C. B + C
D. A - Refer to Exhibit 4. If a tax is placed on the product in this market tax revenue paid by the sellers is the area ?
A. C + F
B. A
C. B
D. C - If the income tax rate changes from 30% to 40% on income over Rs30,000 and a person’s income is Rs 31,000 then her marginal tax rate is ?
A. 30%
B. 10%
C. 70%
D. 40% - 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 - Government levy tax on imports and exports What this tax is called ?
A. Custom
B. Exercise Duty
C. Tariff
D. Freight - If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?
A. coal miners must have greater human capital than others
B. we have observed a compensating differential
C. coal miners must be more attractive than other workers
D. we have evidence of discrimination against workers outside the coal mine - Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?
A. Wealth tax
B. Withholding tax
C. Income tax
D. None of these - When a tax on a good start small and is gradually increased tax revenue ?
A. will fall
B. will rise
C. will first rise and then fall
D. will first fall and then rise
