alleryPersonal income tax and corporation tax are examples of:
ADirect taxes
BIndirect taxes
CExcise duties
DCustoms duties
Answer & Solution
Correct answer: A. Direct taxes
1. Excise and customs are indirect taxes.
2. Income and corporation taxes are direct.
3. Service tax is also indirect.
_Source: syllabus Introductory Macroeconomics, Chapter 5, Government Budget and the Economy._
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