Posted by: Pdfprep
Post Date: April 20, 2021
Which of the following is NOT an appropriate description of the meaning of the term incidence of tax?
A . It refers to the distribution of the tax burden.
B . It only relates to the person or entity that actually pays the tax authorities.
C . It can be formal or actual.
D . It relates to the person or entity that ultimately bears the cost of the tax.
Answer: B
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