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QUESTION 9 Which of the following statements is least appropriate for tax structures? a. Income tax includes salaries and wages but does not include rents,

QUESTION 9

  1. Which of the following statements is least appropriate for tax structures?

a.

Income tax includes salaries and wages but does not include rents, royalties and dividends from equities.

b.

Income taxes are the revenue derived from activities of individuals and corporations.

c.

Consumption taxes are linked to sales and value-added taxes.

d.

Property taxes on homes and businesses and they are the bases for most wealth tax revenues.

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