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Fiscal Policy: Taxes

Question 4 • * HSA 26-27 Economics

Homeowners pay on the land they own.

Answer
A
property taxes
B
income taxes
C
corporate taxes

Explanation

Homeowners generally pay property taxes based on the value of the land and buildings they own. Income taxes are paid on earnings, while corporate taxes are paid by businesses. The correct choice is property taxes.

AI-written and checked against the verified answer.

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