Which of the Following Statements About Implicit and Explicit Taxes

question 60

Multiple Choice

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

• A) The taxpayer pays an explicit tax to the taxing jurisdiction.
• B) An investment yielding ordinary income taxed at the regular tax rates should not have an implicit tax.
• C) Any implicit tax on investment income is always more than the explicit tax on the income.
• D) An implicit tax reduces the before-tax yield on an investment.

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Definitions:

Foley Catheter

A flexible tube inserted into the bladder to drain urine, often used during surgical procedures or for patients with urinary difficulties.

Surgical Preparation

The series of steps and procedures undertaken before a surgical operation, including cleaning and disinfecting the site, ensuring sterile conditions, and patient education.

Licensure

The granting by a nursing regulatory body, such as a college or provincial or territorial nursing association, to a qualified nurse the right to practise within a province or territory, according to standards of care and ethics and scope of practice specified in the licence.