Which, If Any, of the Following Is a Typical Characteristic

question 5

Multiple Choice

Which, if any, of the following is a typical characteristic of an ad valorem tax on personalty?

• A)Taxpayer compliance is greater for personal use property than for business use property.
• B)The tax on automobiles sometimes considers the age of the vehicle.
• C)Most states impose a tax on intangibles.
• D)The tax on intangibles generates considerable revenue since it is difficult for taxpayers to avoid.
• E)None of the above.

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Definitions:

Factor Market

The marketplace where factors of production like labor, capital, and resources are bought and sold.

Hot Dogs

Cooked sausages, traditionally grilled or steamed, often served in a sliced bun as a fast-food.

Bulldozers

Heavy earthmoving equipment with a large metal blade in front for pushing material, such as soil, sand, snow, or rubble, during construction or conversion of land.

Nail Polish

A cosmetic product applied to fingernails or toenails to color, protect, or enhance their appearance.