9 Views

Question : Which of the following is an example of an indirect tax?

Option 1: Property tax

Option 2: Income tax

Option 3: Sales tax

 

Option 4: Corporate tax


Team Careers360 14th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Sales tax


Solution : The correct answer is (c). Sales tax

Sales tax is a type of tax imposed on the sale of goods and services. It is typically levied as a percentage of the purchase price and is added to the final cost paid by the consumer.

Indirect taxes are taxes that are not directly imposed on individuals or entities but are instead levied on goods, services, or transactions. These taxes are usually passed on to the consumer by the seller or service provider. Sales tax is an example of an indirect tax because the burden of the tax is ultimately borne by the consumer, even though it is collected by the seller or service provider and remitted to the government.

Related Questions

Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024 | Extended Application Deadline: 10th Jan 2024
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024)
ISBR Business School PGDM Adm...
Apply
250+ Companies | Highest CTC 16 LPA | Average CTC 8 LPA | Ranked as Platinum Institute by AICTE for 6 years in a row | Awarded Best Business School...
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books