Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The difference between taxes on wealth and taxes on earnings is that: Question 19 options: a) Taxes on wealth refer to assets left to you

The difference between taxes on wealth and taxes on earnings is that:

Question 19 options:

a) Taxes on wealth refer to assets left to you as an inheritance and taxes on earnings are on income you earned at a job.

b) Taxes on earnings refer to assets left to you as an inheritance and taxes on wealth are on income you earned from investments.

c) Taxes on wealth are on interest you earned from investments and taxes on earnings are on income you earned at a job.

d) Taxes on wealth are on real estate you own and taxes on earnings are on income you earn from investments.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions