The Ultimate Distribution of a Taxʹs Burden Is the

question 43

Multiple Choice

The ultimate distribution of a taxʹs burden is the

• A) tax structure.
• B) tax incidence.
• C) tax base.
• D) tax rate.

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Definitions:

Diversity-of-Citizenship

A basis for federal court jurisdiction over a case involving parties from different states or countries.

Corporation

A legal entity recognized by law as separate from its owners, with its own rights, responsibilities, and liabilities.

State of Incorporation

The specific U.S. state in which a company is legally registered to do business.

Principal Place of Business

The primary location where a business's executive and management activities are conducted or where its central administration is based.