Asked by Tiffany LaFrance on May 01, 2024
Verified
Part of the administrative burden of a tax is
A) the money people pay to the government in taxes.
B) reducing the size of the market because of the tax.
C) the hassle and expense of filling out tax forms that is imposed on taxpayers who comply with the tax.
D) the cost of administering programs that use tax revenue.
Administrative Burden
A term that refers to the costs and regulatory obligations businesses face when complying with government rules and procedures.
Tax Forms
Official documents used to report financial information to the government for tax purposes, including income, expenses, and taxes owed.
Taxpayers
Taxpayers are individuals or entities that are required by law to pay taxes to the government, based on their income, property, and other tax liabilities.
- Understand the administrative burden of taxes and its implications for taxpayers and the economy.
Verified Answer
MB
Michael BeasleyMay 05, 2024
Final Answer :
C
Explanation :
The administrative burden of a tax includes the hassle and expense associated with compliance, such as the time and resources spent on filling out tax forms. This does not refer to the tax payment itself, the economic effects of the tax, or the costs of administering tax-funded programs.
Learning Objectives
- Understand the administrative burden of taxes and its implications for taxpayers and the economy.