Match the descriptions to their correct terms by choosing from the drop-down menu. Continue to Part 2 or, to assess your answers, click the Check My Answers button at the bottom of the page.
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Indicate whether each of the statements below is True or False by clicking on the correct answer. Continue to Part 3 or, to assess your answers, click the Check My Answers button at the bottom of the page.
- A direct tax cannot be shifted to another.
- Individual income tax is an example of a direct tax.
- To recover business taxes, an owner cannot pass along the charges.
- Consumers often pay some or all business taxes when they purchase goods and services.
- Ultimately, only a business owner pays the cost of business property tax.
Answer the following multiple-choice questions by clicking on the correct answer. To assess your answers, click the Check My Answers button at the bottom of the page.
- Sales tax can be classified as what?
- Personal income tax can be classified as what?
- Personal property tax can be classified as what?
- Business property tax can be classified as what?
- Payroll tax can be classified as what?
