Which of the Following Payments Would Not Be Considered a Tax

question 86

Multiple Choice

Which of the following payments would not be considered a tax?

• A)An assessment based on the selling price of the vehicle.
• B)A local assessment for new sewers based on the amount of water used.
• C)A local assessment for schools based on the value of the taxpayer's property.
• D)A surcharge based upon the amount of income tax already calculated.

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Definitions:

Ask Price

The price at which a dealer will sell a security.

Wall Street Journal

An international daily newspaper focused on business and economic news, published in New York.

Treasury Note

Medium-term securities issued by the U.S. Treasury that mature in two to ten years and pay interest every six months.