Which Is Not the Characteristic of a Tax

question 89

Multiple Choice

Which is not the characteristic of a tax?

• A)import content
• B)compulsory payment
• C)non -compulsory payment
• D)punishment to tax evader

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Definitions:

Property Tax

Property tax is a levy imposed by a government on a property owner, based on the value of the property.

Manufacturing Costs Incurred

The total expenses involved in the manufacturing process, including direct materials, direct labor, and overhead costs.

Beginning Work in Process

The value of partially completed goods that are in production at the start of an accounting period.

Cost of Goods Manufactured

The sum of expenses for materials, labor, and overhead for goods finished in a given timeframe.