Of the Following Items,which Is (Are) Most Important in Determining

question 90

Multiple Choice

Of the following items,which is (are) most important in determining the distribution of tax burden?

• A) who is legally responsible for paying the tax
• B) the elasticities of supply and demand
• C) the desired level of tax revenue
• D) whether the tax is on income, wealth, sales, or imports
• E) the dollar amount of the tax

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Definitions:

Contributory Plan

A type of insurance plan or pension scheme where both the employer and the employee contribute towards the cost of the benefits.

Salary

Fixed regular payment, typically expressed on an annual basis, made by an employer to an employee, especially a professional.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Pregnancy Discrimination Act

A United States federal law that prohibits discrimination on the basis of pregnancy, childbirth, or related medical conditions in any aspect of employment.