A tax which is paid by the person on whom the tax is incident is called a ?

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. 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...

5. 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%...

6. 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...

7. Government levy tax on imports and exports What this tax is called ?

   A. Custom B. Exercise Duty C. Tariff D. Freight...

8. 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...

9. 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...

10. 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...