Which of the Following Is an Example of a Transaction-Based

question 82

Multiple Choice

Which of the following is an example of a transaction-based tax?

• A)A tax on net business income
• B)An excise tax
• C)An estate tax on the transfer of assets at death
• D)Both B.and C.

---

Definitions:

Self-Actualized

The state in which an individual achieves their fullest potential, including creative expression, quest for spiritual enlightenment, pursuit of knowledge, and the desire to give to society.

Physiological Needs

Basic, essential life requirements such as food, water, and shelter that must be met for survival.

Affiliation Needs

The human desire to feel a sense of involvement and belonging within a social group or environment.

Self-Actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.