Which of the Following Is Not a Form of Tax

question 11

Multiple Choice

Which of the following is not a form of tax payable to the Federal government?

• A)Income tax
• B)Capital gains tax
• C)Fringe benefits tax
• D)Payroll tax

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Definitions:

Goods

Tangible products that satisfy human wants or needs.

Production Possibilities Frontier

A curve that represents the maximum productive capacity of an economy when all resources are fully utilized.

Consumption Possibilities

The range of goods and services that a consumer can afford to purchase at a given level of income and prices.

Trade

The exchange of goods and services between individuals or entities, typically in an attempt to benefit from differences in cost or value.