Question one - Multiple Choice Questions (2 points) 1. Which of the following is not characteristic of a tax? A. A tax is compulsory. B. A tax is intended to punish unacceptable behavior. C A tax is levied by a government. D. All of these are characteristics of a tax. 2. Which of the following is an example of a transaction-based tax? A. A tax on net business income B. An excise tax C. An estate tax on the transfer of assets at death D. Both an excise tax and an estate tax on the transfer of assets at death