One Key Characteristic of a Tax Is That It Is

question 124

True/False

One key characteristic of a tax is that it is a required payment to a governmental agency.

---

Definitions:

Dividend Revenue

Income received by investors from owning shares in a company, typically paid out from the company's profits.

Cash Dividends

Payments made by a corporation to its shareholders from its profit.

Equity Method

An accounting technique used to record investments in other companies by recognizing income and changes in value in proportion to ownership.

Wendell's Share

An unspecified term that may refer to the portion or percentage of ownership, profits, or assets attributed to an individual named Wendell.