Property taxes are an example of which category of nonexchange transactions?
a. Derived tax revenue
b.
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Explanation:
Examples are property taxes, fines, and seized property. 3. Government-mandated nonexchange transactions – results from one level of government (State) providing resources to another level of government (city, county, special district) and requires the recipient to use the resources for a specific program.
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Answer:
sales tax: Indirect Tax
Custom duties: Indirect Tax
property tax: Direct Tax
Death duties: Direct tax
VAT: Indirect Tax
income tax: Direct Tax
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