Economics · Tax System
Which of the following describes a 'Direct Tax'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A temporary surcharge levied by the government for specific regional development projects
- 2A tax collected by local municipal bodies on commercial property transactions
- 3A tax levied on goods and services that can be shifted to the final consumer
- 4A tax where the liability to pay and the ultimate economic burden fall on the same entity✓
Correct answer
A tax where the liability to pay and the ultimate economic burden fall on the same entity
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