_____occurs when the burden of a tax statutorily placed on one party is borne by another party.
A)Tax shifting
B)Tax evasion
C)Tax avoidance
D)Tax amnesty

Question

Quizplus · Accepted Answer

Tax shifting occurs when the burden of a tax is passed on to another party. This can happen when businesses pass on the cost of a tax to their customers by increasing prices, or when workers accept lower wages due to the increased cost of employing them caused by taxes. Tax evasion and tax avoidance both involve strategies used to minimize the amount of tax owed, while tax amnesty is a program allowing taxpayers to disclose past tax liabilities without facing penalties.

_____Occurs When the Burden of a Tax Statutorily Placed on One