tax Flashcards
1
Q
direct tax
A
tax payed directly to the government
2
Q
what are the two types of indirect tax
A
specifix rax
ad valorem
3
Q
what is a specific tax
A
an fixed tax payed on each unit sold.
4
Q
what is an ad valorem tax
A
tax charged as a percentage of the price of a good
5
Q
A
