WAEC Economics 2017 Objective — Question 39
Question 39 of 50 from the West African Examinations Council (WAEC) Economics 2017 Objective paper, with the correct answer and a full explanation.
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Direct taxes include
- A. A. excise duty
- B. B. ad valorem tax
- C. C. specific tax
- D. D. capital gains taxCorrect
Explanation
Capital gains tax is a direct tax because it is exacted on the object being taxed.
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