📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Which of the following statements is incorrect?

      A Impact refers to the initial burden of the tax, while incidence refers to the ultimate burden of the tax. Correct Answer Incorrect Answer
      B Incidence is at the point of imposition; impact occurs at the point of settlement. Correct Answer Incorrect Answer
      C The impact of a tax falls upon the person from whom the tax is collected and the incidence rests on the person who pays it eventually. Correct Answer Incorrect Answer
      D All of these Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Impact is at the point of imposition; incidence occurs at the point of settlement.

      Practice Next
      More Research Questions
      ask-question