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Earn +20 ptsQ: What is a tax levied on any asset inherited?
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What is the subject on which a tax is levied?
tax base
What type of tax is levied on the beneficiary share of an estate?
The type of tax that is levied on the beneficiary share of an estate is known as inheritance tax. This will be assessed based on the legacies the beneficiary receives.
A charged levied by government on persons or property to meet public needs is?
Tax
What is inderect tax?
A tax, such as a sales tax or value-added tax, that is levied on goods or services rather than individuals and is ultimately paid by consumers in the form of higher prices.
How did poll tax impact the government?
A poll tax was a tax levied on every adult in the community that voted. Although it was not a significant source of income it did make the government large sums of money.
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