Which of the Following Statements About Implicit and Explicit Taxes

question 74

Multiple Choice

Which of the following statements about implicit and explicit taxes is false?

• A)The amount of implicit tax on an investment depends on the owner's marginal tax rate.
• B)The taxpayer pays an explicit tax to the taxing jurisdiction.
• C)An investment yielding ordinary income taxed at the regular tax rates should not have an implicit tax.
• D)None of the above is false.

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Definitions:

Atria Contraction

The process during the cardiac cycle where the atria chambers of the heart contract to move blood into the ventricles.

Pulse Pressure

The difference between systolic and diastolic blood pressure, indicating the force that the heart generates each time it contracts.

Ejection Phase

This is the part of the cardiac cycle during which the ventricles contract and pump blood out into the arteries.

Left Ventricle

The heart's compartment that takes in blood rich in oxygen from the left atrium and then pushes it through the aorta to circulate around the body.