Asked by
Jayla Cornel
on Nov 05, 2024Verified
________ 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.
Verified Answer
NM
Learning Objectives
- Understand the concept of tax bases and tax rates on different economic activities.