Which of the Following Is Not an Explicit Cost?​

question 21

Multiple Choice

Which of the following is not an explicit cost?​

• A)Salaries
• B)Sales taxes​
• C)The cost of utilities, such as gas and electricity​
• D)Insurance premiums​
• E)The value of a firm owner's time​

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Definitions:

Tax Exemption

A monetary exclusion that reduces the taxable income of an individual or organization, often granted by government policy.

Pretax Income

The total income earned by an individual or corporation before any taxes are deducted.

Tax Rebate

A refund on taxes paid, typically when the tax liability is less than the taxes paid.

Stakeholders

Individuals, groups, or organizations that have a direct or indirect interest in the outcome of a project, decision, or policy due to their investment, involvement, or impact by it.