Economics · Fiscal Policy
What is a Direct Tax?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A temporary surcharge imposed by local municipal corporations.
- 2A tax levied only on import and export transactions.
- 3A tax levied directly on an individual's or entity's income or wealth, where the burden cannot be shifted.✓
- 4A tax levied on goods and services that can be shifted to the final consumer.
Correct answer
A tax levied directly on an individual's or entity's income or wealth, where the burden cannot be shifted.
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