Income tax payments are an example of ____.
A)implicit costs
B)explicit costs
C)normal return on investment
D)shareholder wealth
E)none of the above

Name: Income tax payments are an example of ____. A)implicit costs B)explicit costs C)normal return on investment D)shareholder wealth E)none of the above
Brand: Quizplus
Rating: 4.9 (37 reviews)

Question

Quizplus · Accepted Answer

Income tax payments are a clear example of explicit costs, which are monetary payments made by a business or individual for goods or services.

Income Tax Payments Are an Example of ____