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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

Property taxes are charged on real estate, including the land and home a person owns. Income taxes are based on earnings, while corporate taxes apply to businesses. Therefore, the correct choice is property taxes.

AI-written and checked against the verified answer.

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