Homework Help is Here – Start Your Trial Now!
Business
Economics
Which of the following statements is/are correct? Select one: a. A head tax is proportional to the income base. b. An excise tax of R20 000 is payable on imported vehicles with a value of R160 000. The tax increases to R37 500 if the value of the vehicle is R300 000. The tax rate structure is therefore proportional. Direct taxes such as a tax on cigarettes can be shifted easily. C. O d. Taxing the value of shares owned by individuals is an excellent base for personal income tax. Check

Which of the following statements is/are correct? Select one: a. A head tax is proportional to the income base. b. An excise tax of R20 000 is payable on imported vehicles with a value of R160 000. The tax increases to R37 500 if the value of the vehicle is R300 000. The tax rate structure is therefore proportional. Direct taxes such as a tax on cigarettes can be shifted easily. C. O d. Taxing the value of shares owned by individuals is an excellent base for personal income tax. Check

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter12: The Partial Equilibrium Competitive Model
Section: Chapter Questions
Problem 12.10P
See similar textbooks
icon
Related questions
Question
100%
Which of the following statements is/are correct? Select one: a. A head tax is proportional to the income base. b. An excise tax of R20 000 is payable on imported vehicles with a value of R160 000. The tax increases to R37 500 if the value of the vehicle is R300 000. The tax rate structure is therefore proportional. Direct taxes such as a tax on cigarettes can be shifted easily. C. d. Taxing the value of shares owned by individuals is an excellent base for personal income tax. Check
Transcribed Image Text:Which of the following statements is/are correct? Select one: a. A head tax is proportional to the income base. b. An excise tax of R20 000 is payable on imported vehicles with a value of R160 000. The tax increases to R37 500 if the value of the vehicle is R300 000. The tax rate structure is therefore proportional. Direct taxes such as a tax on cigarettes can be shifted easily. C. d. Taxing the value of shares owned by individuals is an excellent base for personal income tax. Check
Expert Solution
steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Marginal and Average Tax Rate
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Microeconomic Theory
Microeconomic Theory
Economics
ISBN:
9781337517942
Author:
NICHOLSON
Publisher:
Cengage
Managerial Economics: Applications, Strategies an…
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Macroeconomics: Private and Public Choice (MindTa…
Macroeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506756
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Economics: Private and Public Choice (MindTap Cou…
Economics: Private and Public Choice (MindTap Cou…
Economics
ISBN:
9781305506725
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Microeconomics: Private and Public Choice (MindTa…
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
SEE MORE TEXTBOOKS