Author Question: When a business raises prices to pay business taxes and consumers end up paying the tax, it is known ... (Read 69 times)

formula1 · **on:** Jul 8, 2018

When a business raises prices to pay business taxes and consumers end up paying the tax, it is known as

a. progressive taxation.
b. severance taxation.
c. tax shifting.
d. tax ratio.
e. benefit taxation.

Question 2

Which of the following is NOT true regarding the estate tax?

a. Political opponents have rebranded the estate tax as a death tax..
b. Estate taxes can be levied on both savings and properties that a deceased person passes on to his or her heirs.
c. Critics argue that some estate taxes force family farms to be broken up upon the death of a property owner.
d. Nearly everyone who inherits money must pay an estate tax due to federal laws.