mcqs of taxation

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(C) 1 July, 30 June A. marginal tax rates are high. Section 17 C. Section 10 D. Section 45 (2) 2. Check Also: Daily updated Accounting & Auditing MCQs and Online Tests. Steve and Kay Briar, US citizens, were married for the entire 2012 calendar year. (D) Federal Excise Duty, 56. (B) Retail Price − GST (B) II only The appropriate tax rate to consider judging the vertical equity of a tax system is the ? (A) I only Best PDF Material for Jan/Feb 2021 Exams. A. caused a deadweight loss B. decreased equity C. generated no tax revenue D. increased efficiency, A. doubles B. stays the same C. increase by a factor of four. A. generate a deadweight loss that is unaffected by the time period over which it is measured B. cause a greater deadweight loss in the long run when compared to the short run C. None of these answers D. cause a greater deadweight loss in the short run when compared to the long run. Profits B. Kaldor suggested an imposition of expenditure tax in India. 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Selling Price is equal to One of the following taxes is not subsumed under GST a) Octroi by local authorities c) Entertainment tax by local authorities b) Entry tax by State Governments d) Tax on lottery by State Governments 24. 52. This tax is a good example of ability to pay principle of taxes: (a) Excise tax on cigarettes (b) Highway toll tax (c) Proportional sales tax (d) Personal income tax Answer: d. An expansionist fiscal policy could include: The sellers pay a larger portion of the tax because supply is more elastic than demand C. The buyers pay a larger portion of the tax because demand is more elastic then supply D. The sellers pay a larger portion of the tax because supply is more inelastic than demand. Not be impacted. All the important topics will be discussed in detail and would be helpful for aspirants preparing for the CA Foundation & Intermediate. 1.00 million MCQ Questions for Class 10 Social Science with Answers were prepared based on the latest exam pattern.

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