Where a tax can be shifted the incidence depends on ?

Related Mcqs:

1. 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

2. 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

3. 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

4. Tax incidence is the ?

   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

5. 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

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

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

7. 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

8. The appropriate tax rate to consider judging the vertical equity of a tax system is the ?

   A. marginal tax rate
   B. average tax rate
   C. horizontal tax rate
   D. proportional tax rate

9. According to the Laffer curve as tax rates increase tax revenue ?

   A. initially increase and then decrease
   B. decrease continuously
   C. rise continuously
   D. initially decrease and then increase

10. 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%