Asked by
Laura Garcia
on Oct 13, 2024
Verified
Which statement is true?
A) The federal government collects much more in direct taxes than in indirect taxes.
B) The federal government collects much more in indirect taxes than in direct taxes.
C) The federal government collects about the same amount in direct taxes as in indirect taxes.
Direct Taxes
Taxes levied directly on an individual's or organization's income or wealth, such as income tax and property tax.
Indirect Taxes
Taxes that are not directly paid by an individual but instead are levied on goods and services, such as sales tax or value-added tax.
Federal Government
The national government of a federal country, which holds the authority to govern the federation as a whole.
- Comprehend the distinction between direct and indirect taxes, along with their individual effects.
Verified Answer
CW
Learning Objectives
- Comprehend the distinction between direct and indirect taxes, along with their individual effects.