Which of the Following Statements Holds True for Indirect Tax

question 75

Multiple Choice

Which of the following statements holds true for indirect tax?

• A)It refers to the tax levied on the value of a property that the owner of the property is required to pay to the government of the country in which the property is located.
• B)It refers to the tax that is shifted to another person or entity, like the value-added tax (VAT), which is levied on the seller but is passed on and paid by buyer.
• C)It refers to the tax that is levied on the HYPERLINK "http://en.wikipedia.org/wiki/Income" \o "Income" income of individuals or businesses (corporations or other legal entities).
• D)It refers to the tax that is levied on the passing of HYPERLINK "http://en.wikipedia.org/wiki/Title_%28property%29" \o "Title (property)" title to HYPERLINK "http://en.wikipedia.org/wiki/Property" \o "Property" property from one person (or entity)to another.
• E)It refers to the HYPERLINK "http://en.wikipedia.org/wiki/Tax" \o "Tax" tax that is levied on and paid by the seller.

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