A tax imposed on a resource's income is paid by both the resource's owners and the resource's employers,except for a tax

Question

Quizplus · Accepted Answer

A tax on land rent is paid solely by the resource's owner, as they receive the income from owning the land. Taxes on labor income and income from capital are typically split between the employee/owner and employer. The option for a tax imposed solely on employers or employees is not given in the answer choices.

A Tax Imposed on a Resource's Income Is Paid by Both