The Administrative Burden of Taxes Is

question 8

Multiple Choice

The administrative burden of taxes is:

• A) smallest with a lump-sum tax.
• B) the same if the revenue generated is the same for any kind of tax.
• C) smaller the larger the amount of the tax.
• D) the same across all types of taxes.

---

Definitions:

Note Payable

A written promissory note wherein the borrower agrees to pay back the lender on demand or at a predetermined future date, along with interest.

Statement Of Cash Flows

A financial statement that provides aggregate data regarding all cash inflows a company receives from its ongoing operations, investment activities, and financing, as well as all cash outflows that pay for business activities and investments during a given period.

Common Stock

A type of security that signifies ownership in a corporation, representing a claim on part of the corporation's profits and assets.

Market Price

The current price at which an asset or service can be bought or sold in the open market.