Home » Past Questions » Economics » Which of the following is an indirect tax?

Which of the following is an indirect tax?


Question

Which of the following is an indirect tax?

Options

A)
Poll tax
B)
personal income tax
C)
Company tax
D)
excise duties

The correct answer is D.

Explanation:

Indirect tax refers to taxes which are imposed or levied on goods and services. The producers bear the initial burden of tax before shifting them to the final consumers in the form of higher price.

More Past Questions:


Dicussion (1)

  • Indirect tax refers to taxes which are imposed or levied on goods and services. The producers bear the initial burden of tax before shifting them to the final consumers in the form of higher price.

    Reply
    Like