Which of the Following Types of Taxes Rely Solely on "Income

question 101

Multiple Choice

Which of the following types of taxes rely solely on "income" as the tax base for determining the amount of tax liability?
I.Sales Tax
II.Property Tax
III.Gift Tax
IV.Social Security Tax
V.Excise Tax
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• A)Statements I, II, III, IV, and V are correct.
• B)Statements I, III, and IV are correct.
• C)Statements II and IV are correct.
• D)Only statement IV is correct.
• E)None of the above types of taxes relies on income for its tax base.

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Definitions:

Situational Pressures

The external forces or social situations that influence an individual's behavior, decision-making process, or feelings, often leading to changed or adapted behavior to fit the circumstance.

Observers

Individuals who watch or take notice of events or behaviors, often for the purpose of recording information or making judgments.

Fundamental Attribution Error

The tendency to attribute others' actions to their character or personality while underestimating situational influences.

Defensive Attribution

A cognitive bias that leads individuals to attribute more blame to victims of misfortune than is warranted, often to believe that such events would not happen to themselves.