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Jayla Cornel
on Nov 05, 2024

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________ is a tax on a stock, while ________ is a tax on a flow.

A) A payroll tax; a local property tax
B) A local property tax; a tax on your salary
C) A retail sales tax; a payroll tax
D) A tax on your salary; a retail sales tax

Local Property Tax

Local Property Tax is a levy on the value of a property, typically imposed by local government authorities to fund public services.

Payroll Tax

Taxes imposed on employers and employees, typically calculated as a percentage of the salaries that employers pay their staff.

  • Understand the concept of tax bases and tax rates on different economic activities.
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NM
Nishant MauryaNov 06, 2024
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