[Solved] Which of the following is a tax?I. A 1% special sales tax for funding local road construction.II. A fee paid to the state for a license to practice as an attorney.III. An income tax imposed by Philadelphia on persons working within the city limits. IV. A special property assessment for installing a new water system in the taxpayer's neighborhood. A) Only I is correct. B) I and III are correct. C) Only III is correct. D) III and IV are correct. E) Only IV is correct. Phallic Stage: The phallic stage is a concept in Freudian psychology referring to the period in early childhood when the libido (sexual energy) is concentrated in the genital area. Erotic Desires: Feelings of wanting or longing for sexual contact or relationships. Compensation: A strategy whereby one makes up for a deficiency in one area by excelling in another area. Alfred Adler: A psychiatrist and psychotherapist who founded the school of individual psychology and introduced concepts such as inferiority complex.