Assertion (A): Direct money burden of a tax is equal to the tax collections Reason(R): Direct money…
Both the assertion and the reason are true, and the reason explains the assertion. The direct money burden measures the amount transferred by taxpayers to the public…
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Assertion (A): Direct money burden of a tax is equal to the tax collections
Reason(R): Direct money burden of a tax refers to the amount of tax being paid by the tax payers to the authorities.
Answer and explanation
Correct answer B
Both the assertion and the reason are true, and the reason explains the assertion. The direct money burden measures the amount transferred by taxpayers to the public authorities, which equals the tax revenue collected.
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Telangana SET (TG SET)