Question

INCOME TAX IS A FACTOR PAYMENT?
true or false
​

Answer 1

I PROMISE WILL FOLLOW YOU IF YOU MARK AS BRAINLIST

YOUR ANSWER IS

true

Answer 2

Income Tax is a factor payment - False.

• Factor payments represent the earned income that is typically received by people for the supply production factors like established capital, land, labour, or even enterprising.  
• These are the payments carried out employing scanty resources, or production factors in return for high yielding services and are received in an interest form.
• Whereas, income tax is a direct tax on the earnings or income of individuals in a financial year.