Question : Which of the following is an example of a direct tax?
Option 1: Sales tax
Option 2: Corporate tax
Option 3: Excise tax
Option 4: All of the above
Answer (1)
25th Jan, 2024
Correct Answer: Corporate tax
Solution : The correct answer is (b) Corporate tax
Corporate tax is a tax imposed on the profits earned by corporations or businesses. It is a direct tax because it is levied directly on the entity generating the income, which is the corporation or business itself.
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