The Distinction Between Tangible and Intangible Property Is Important for Tax

question 37

Multiple Choice

The distinction between tangible and intangible property is important for tax purposes because:

• A)tangible property is subject to a state's tax,but intangible property is not.
• B)tangible property is subject to tax in the state where its owner lives,whereas intangible property is usually taxable in the state where it was created.
• C)tangible property is subject to tax in the state where it is located,whereas intangible property is usually taxable in the state where it was created.
• D)tangible property is subject to tax in the state where it is located,whereas intangible property is usually taxable in the state where its owner lives.

---

Definitions:

Anticonformity

Behavior characterized by resistance to social norms or conventions, often for the sake of being contrary.

Independence

The state or condition of being free from being influenced or controlled by others, in terms of decision-making or action.

Social Loafing

The tendency for individuals to exert less effort when working collectively in a group than when working individually.

Decision Polarization

The process through which an individual's choice becomes more extreme or pronounced after group discussion or exposure to persuasive arguments.