The Actual Division of the Burden of a Tax Is

question 73

Multiple Choice

The actual division of the burden of a tax is called

• A)tax credit.
• B)tax incidence.
• C)excess burden.
• D)tax dispersion.

---

Definitions:

Bankruptcy

A lawful method that enables individuals or enterprises in financial distress to pursue exemption from part or all of their financial liabilities.

Shelter Principle

A legal concept in property law that allows a person who purchases goods from a non-owner to acquire valid title under certain conditions, provided the seller had derivative authority to sell.

Holder-In-Due-Course Doctrine

A principle in commercial law that protects a purchaser of a negotiable instrument who takes it for value, in good faith, and without notice of any defect.

Financial Transactions

The exchange of assets between parties, often involving money, securities, or other forms of financial instruments.