which of the following is an example of direct tax.
Answers
Answer:
Direct taxes are one type of taxes an individual pays that are paid straight or directly to the government, such as income tax, poll tax, land tax, and personal property tax. Such direct taxes are computed based on the ability of the taxpayer to pay, which means that the higher their capability of paying is, the higher their taxes are.
Concept Introduction: Everyone should pay the tax.
Explanation:
We have been Given: which of the following is an example of direct tax.
We have to Find: which of the following is an example of direct tax.
Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax. A direct tax is a tax that a person or organization pays directly to the entity that imposed it. Examples include income tax, real property tax, personal property tax, and taxes on assets, all of which are paid by an individual taxpayer directly to the government.
Final Answer: Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.
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