JAMB Economics 2022 Objective — Question 6
Question 6 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2022 Objective paper, with the correct answer and a full explanation.
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Identify direct taxes from the following
- A. Sales taxes
- B. Excise duties
- C. Income and company taxesCorrect
- D. Tariff duties
Explanation
A direct tax is a tax on the person or entity that pays it directly, such as income tax and company tax; sales taxes, excise duties and tariffs are indirect taxes.
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