The burden of the corporate income tax ultimately falls on the corporation's

Question

Quizplus · Accepted Answer

The burden of the corporate income tax is ultimately passed on to the corporation's stockholders, workers, and consumers in some combination depending on market conditions and the elasticity of demand for the corporation's products or services. Shareholders see lower returns on their investments, workers may face lower wages or fewer job opportunities, and consumers may face higher prices for goods or services. Therefore, all of the choices are correct.

The Burden of the Corporate Income Tax Ultimately Falls on the Corporation's