Taxes levied on goods and services by government are called
ECONOMICS
WAEC 2023
Taxes levied on goods and services by government are called
- A. indirect taxes
- B. direct taxes
- C. corporate taxes
- D. poll taxes
Correct Answer: A. indirect taxes
Explanation
Taxes levied on goods and services by the government are called indirect taxes. Indirect taxes are taxes that are collected from businesses when they sell goods or services. The businesses then pass the tax on to consumers in the form of higher prices.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *