18
QuizMultiple Choice

Trade Agreements — Cumulative exam

Question 18 • * HSA 26-27 Economics

Corporate taxes are a type of

Answer
A
income tax.
B
property tax.
C
sales tax.
D
excise tax.

Explanation

A corporate tax is charged on a corporation’s income or profits. Taxes on owned property, purchases, or specific goods are property, sales, and excise taxes, respectively. Therefore, the correct choice is income tax.

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