Asked by Cassandra Myers on Jul 02, 2024
The federal personal income tax is
A) a direct tax.
B) an indirect tax.
C) both a direct tax and an indirect tax.
D) neither a direct tax nor an indirect tax.
Direct Tax
is a type of tax directly imposed on individuals or entities, such as income tax and property tax, which cannot be passed onto others.
- Acquire knowledge on the distinctions and classifications between taxes, focusing on direct versus indirect and progressive versus regressive taxes.
Learning Objectives
- Acquire knowledge on the distinctions and classifications between taxes, focusing on direct versus indirect and progressive versus regressive taxes.