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.

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Definitions:

Shares of the Business

Equity units of a corporation that represent ownership interest held by shareholders, giving them a claim on the company's profits in the form of dividends.