Question

find the odd one out

A.income tax B.wealth tax C.coorparate tax D.goods and service tax

Answer 1

Answer:

I think B) wealth tax.

Explanation:

I think this will help you out...

Answer 2

D. Goods and Service Tax

Explanation:

• An amount of money which is collected by the government from the citizens is known as a tax.
• Tax can be paid directly or indirectly.
• The tax amount is used by the government for the welfare of the citizens.
• For example, the tax money is used to make roads, public projects, etc.
• Income tax is levied on a person's income.
• Wealth tax is levied on the property and assets held by individuals.
• Corporate tax is levied on the capital of corporate companies, whereas GST is imposed on goods and services.
• Income, wealth, and corporate taxes are direct taxes, whereas the goods and services tax is an indirect tax.

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