Asked by
casey mcgeehan
on Nov 17, 2024Verified
If T represents the size of the tax on a good and Q represents the quantity of the good that is sold, total tax revenue received by government can be expressed as
A) T/Q.
B) T + Q.
C) T × Q.
D) (T × Q) /Q.
Tax Revenue
The revenue collected by governments via taxes, which is allocated to finance public services and meet governmental duties.
Total Tax
The cumulative amount of taxes imposed by a government from various sources, including income, sales, and property taxes.
- Ascertain the sum of money collected as tax from a specified tax policy.
Verified Answer
RS
Learning Objectives
- Ascertain the sum of money collected as tax from a specified tax policy.