Which One of the Following Miscellaneous Types of Taxes Is

question 21

Multiple Choice

Which one of the following miscellaneous types of taxes is not matched with the property or activity that is being taxed?

• A)Tangible personal property tax covers land, buildings, and residences.
• B)Intangible personal property tax covers stocks, bonds, and accounts and notes receivable.
• C)Franchise tax covers the right to operate a business in the state of New York.
• D)Sales tax covers gross receipts from the retail sale of clothing, automobiles, and equipment.
• E)Use tax covers the possession and enjoyment of clothing, automobiles, and equipment.

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Definitions:

Leader Attribute

Characteristics or qualities that contribute to someone's ability to effectively lead others.

Visionary

A person with original ideas about what the future could or should be like, often able to inspire others towards a shared long-term goal.

Ideal Values

The beliefs or standards considered most desirable or perfect by an individual or organization.

Actual Values

The real or genuine principles that govern an individual's or organization's actions.