In What Circumstances Will a Person Not Be Obliged to Register

question 60

Multiple Choice

In what circumstances will a person not be obliged to register their business name?

• A)If they are proposing to carry on business in their own name
• B)If they are a sole trader
• C)If they are a company
• D)If they are a trustee

Understand how the elasticity of demand and supply affects the burden of a tax.

Learn about the major sources of revenue and expenditure for federal, state, and local governments.

Grasp the concept of marginal tax rates and how they apply to additional income.

Recognize the regressive nature of certain taxes and why.

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