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

question 79

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 these.

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Definitions:

Revenue Formulas

Equations or models used to calculate the total amount of income generated from business activities during a specific period.

Shipping Container

A large, standardized, durable container used for transporting goods by sea, rail, or road.

Revenue Variances

The variance between the revenue that was actually generated and the anticipated or planned amount of revenue.

Spending Variances

The difference between the actual cost incurred and the budgeted or standard cost for a particular period.