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Taxes levied on goods and services by government are called

Economics
WAEC 2023

Taxes levied on goods and services by government are called

  • A. indirect taxes
  • B. direct taxes
  • C. coporate taxes
  • D. poll taxes
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Correct Answer: Option A
Explanation

Taxes levied on goods and services by the government are called indirect taxes. Indirect taxes are taxes that are collected from businesses when they sell goods or services. The businesses then pass the tax on to consumers in the form of higher prices.


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