Question

Which of the following is an example of a wealth tax? a. income tax b. excise tax c. estate tax d. sales tax Please select the best answer from the choices provided A B C D

Answer 1

The answer is C. ESTATE TAX

Answer 2

Answer:

The example of wealth tax is:

Estate tax.

Step-by-step explanation:

Estate is a large part of a country that is owned by a family or a organisation.

Estate tax is a tax which is levied on a hier's inherited portion of an estate if the value of estate exceeds an exclusion limit as is set by the law.

Wealth tax is a tax based on the market value of assets that are owned.

Hence, the example on a wealth tax is:

Estate tax.