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WAEC Economics 2006 Question 42

Question 42

Public Finance

Where the burden of a tax finally rests is called

  1. A.tax object
  2. B.tax rate
  3. C.incidence of taxation
  4. D.system of taxation
Show the answer and explanation

Answer: C (incidence of taxation)

Explanation

The incidence of a tax is the person who finally bears its burden.