AnimoSpace Support D Question 22 This form of escape from taxation pertains to reduction of the price of the taxed object equal to the capitalized value of future taxes which the purchaser expected to called upon to pay: Tax shifting O Tax capitalization O Tax transformation O Tax exemption Question 23 Which form of escape from taxation involves a taxpayer using legally permissible alternative tax rates or methods of assessing taxable property or income in order to avoid or reduce tax liability? O Capitalization O Transformation O Tax avoidance O Tax exemption Question 24 This kind of tax shifting occurs when the tax is shifted more times either forward or backward. Sideward shifting O Forward shifting O Onward shifting O Lateral shifting D Question 25 Which of the following is an example of tax avoidance? O Transferring the burden of tax from the retailer to the consumer so that it will be the consumer, instead of the retailer, who will ultimately shoulder the tax. O Reduction of price of a taxed object in the amount of future taxes that the purchaser is expected to pay. O Underdeclaration of gross income in the income tax return in order to lower the taxable income. O The use of optional standard deductions in lieu of itemized deductions for computing income tax