Explain What Is The Incidence Of Tax?

Formal incidence: the party liable to the tax
Informal incidence: party, who <a href="https://interviewquestions.tuteehub.com/tag/actually-1968034" style="font-weight:bold;" target="_blank" title="Click to know more about ACTUALLY">ACTUALLY pays the tax

1.	Explain What Is The Incidence Of Tax?
Answer» TAX incidence can be divided into: Formal incidence: the party liable to the tax Informal incidence: party, who ACTUALLY pays the tax The tax incidence is decided by the elasticity of DEMAND and SUPPLY for a good or service. Tax incidence can be divided into: The tax incidence is decided by the elasticity of demand and supply for a good or service.

Answer»

TAX incidence can be divided into:

The tax incidence is decided by the elasticity of DEMAND and SUPPLY for a good or service.

Tax incidence can be divided into:

The tax incidence is decided by the elasticity of demand and supply for a good or service.

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