Advertisements
Advertisements
Questions
Classify the following type of tax into direct and indirect taxes:
Income tax
State whether the following is a direct or an indirect tax:
Income tax
Giving reasons classify the following into direct and indirect tax:
Income tax
Options
Direct tax
Indirect tax
Advertisements
Solution
Direct tax
Explanation:
It is a direct tax because its impact and incidence lie on the same persons.
APPEARS IN
RELATED QUESTIONS
The government imposes tax ______.
Which of the statement is true for income tax?
Define Indirect tax
Differentiate between direct and indirect taxes.
'The role of the State is important in developing the economic infrastructure of a developing economy'. Give two reasons to support your answer.
State the difference between income tax and expenditure tax.
Classify the following type of tax into direct and indirect taxes:
House tax
State two drawbacks of direct taxes.
Explain the following with examples:
Progressive tax
Explain briefly two merits of indirect tax.
