Economics · Public Finance
What is meant by 'Incidence of Taxation'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The initial legal responsibility to pay the tax to the government
- 2The ultimate money burden of a tax resting on a person✓
- 3The economic benefit derived from a tax
- 4The total revenue received from a tax
Correct answer
The ultimate money burden of a tax resting on a person
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