Which Is Considered to Be a Tax on Wealth

question 25

Multiple Choice

Which is considered to be a tax on wealth?

• A) capital gains tax
• B) individual income tax
• C) property tax
• D) excise tax

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Definitions:

Obligation Tenders

Offers made to fulfill a duty or promise, particularly in a legal or financial context, such as repaying a debt.

Agency Termination

The process by which the relationship between an agent and their principal is ended.

Violation

The act of breaking or failing to comply with a rule, agreement, or law.

Agency Agreement

A legal contract in which one party (the agent) agrees to act on behalf of another party (the principal) in business transactions or other matters.