1. This kind of tax is derived from the individuals, corporate estates, and trusts income. A. Donors tax B. Capital gains tax C. Income tax D. Estate tax 2. This is a kind of tax on the rights of the decreased person to transmit his/ her estate to lawful heirs and beneficiaries at the time of death. A. Donors tax B. Capital gains tax C. Income tax D. Estate tax 3. This is a tax levied on gifts and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer. A. Estate tax B. Capital gains tax C. Income tax D. Donor Tax
Choose the letter of the correct answer.
1. This kind of tax is derived from the individuals, corporate estates, and trusts income.
A. Donors tax
B.
C. Income tax
D. Estate tax
2. This is a kind of tax on the rights of the decreased person to transmit his/ her estate to lawful heirs and beneficiaries at the time of death.
A. Donors tax
B. Capital gains tax
C. Income tax
D. Estate tax
3. This is a tax levied on gifts and is imposed on the gratuitous transfer of property between two or more persons who are living at the time of the transfer.
A. Estate tax
B. Capital gains tax
C. Income tax
D. Donor Tax
4. A tax imposed on loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation.
A. Documentary tax
B. Capital gains tax
C. Income tax
D. Estate tax
5. A tax levied on the assessed value of land and permanently attached improvements owned by individuals or corporations.
A. Property tax
B. Capital gains tax
C. Income tax
D. Estate tax
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