The Statutory Incidence (Or Burden) of a Tax Refers to

question 142

Multiple Choice

The statutory incidence (or burden) of a tax refers to

• A) the governmental agency responsible for collecting the tax.
• B) who actually bears the burden of a tax once changes in market prices are taken into account.
• C) the degree of progressiveness in the rate structure of the tax.
• D) who the tax is legally or statutorily imposed on.

---

Definitions:

Fine-grained

Describing materials or minerals that have small, compact particles or crystals, often used in the context of rocks or sediment.

Low Permeability

Characteristic of materials or rock formations that allow very little fluid to pass through due to small or poorly connected pores.

Salt Dome

A structure formed when buried salt buoyantly flows to the surface in steep, pipelike conduits.

Anticline

A type of fold in the Earth's crust characterized by an arch-like shape where the oldest rock layers are at the center of the fold, usually formed by compressional tectonic forces.