Advertisements
Advertisements
Questions
Define a tax.
What is a tax?
What is mean by tax?
Define tax.
Advertisements
Solution
A tax is a compulsory payment imposed on persons and companies by the government to meet expenditure incurred for the common good.
APPEARS IN
RELATED QUESTIONS
______ is an example of commercial revenues.
The government imposes tax ______.
Fiscal policy means public expenditure and tax policy of the government.
Identify the tax which is most likely to faster civic conciousness.
What is meant by shifting of tax burden?
Give one example of progressive tax.
State two drawbacks of direct taxes.
An indirect tax can be made progressive by imposing higher tax rates on luxuries. Justify the above statement.
Explain how tax can be used as an instrument to regulate consumption and production in an economy.
Explain the following with examples:
Progressive tax
