Solved

A Consumption Tax Is a Tax on Only

Question 33

Multiple Choice

A consumption tax is a tax on only


A) goods and not services.
B) the amount of income that people spend.
C) the amount of income that people earn.
D) the amount of income that people save.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: Which of the following statements is correct?<br>A)The

Q31: Kyle places a $10 value on a

Q36: Table 12-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Table 12-9

Q42: Vertical equity is not consistent with a

Q52: Resources devoted to complying with the tax

Q67: The largest source of income for the

Q87: A transfer payment is a government payment<br>A)to

Q118: One of the most difficult issues associated

Q122: In the absence of taxes,Janet would prefer

Q205: Sue earns income of $80,000 per year.