Which type of tax is levied on the sale of goods or services? a) payroll tax b) corporate income tax c) consumption tax d) income tax
Added by Francisca A.
Step 1
Step 1: Identify the type of tax levied on the sale of goods or services. Show more…
Show all steps
Your feedback will help us improve your experience
Haricharan Gupta and 82 other Microeconomics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
which type of taxes impact the economy by reducing economic inequality? A. sales taxes B. Wealth taxes C. Property taxes D. Earnings taxes
Chandra J.
Income tax and penalty are the examples of: (a) Capital receipts (b) Revenue receipts (c) Budget receipts (d) None of the above
Sanchit J.
The two largest sources of tax revenue for the U.S. federal government are a. personal and corporate income taxes. b. personal income taxes and payroll taxes for social insurance. c. corporate income taxes and payroll taxes for social insurance. d. payroll taxes for social insurance and property taxes.
Recommended Textbooks
Principles of Economics
Principles of Microeconomics for AP® Courses
Economics
Transcript
18,000,000+
Students on Numerade
Trusted by students at 8,000+ universities
Watch the video solution with this free unlock.
EMAIL
PASSWORD