Which of the Following Is a Direct Tax

question 127

Multiple Choice

Which of the following is a direct tax?

• A)excise tax 
• B)tax on corporate profits 
• C)property tax 
• D)sales tax

Analyze and adjust budgets for service-oriented entities.

Understand the principles of budgeting in healthcare and service industries.

Learn how to prepare a planning budget based on projected activity levels.

Learn how to prepare a flexible budget based on actual activity levels.

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Definitions:

Mutual Funds

Shareholder-financed investment schemes that are professionally overseen and involve trading in a variety of holdings.

Weighted Average Cost

A calculation that takes into account the varying costs of different components of a product or service, weighted by their respective proportions.

Corporate Tax Rate

The percentage of a corporation's profits that is taken by the government as tax.

Revenue Recognition

The process of recording and identifying revenue in the financial statements when it is earned and realizable.