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Which are types of income tax that people pay? Check all that apply. a. federal b. local c. progressive d. state e. sales f. flat

Justin Parker

in Business

1 answer

1 answer

Donald Ward on January 9, 2018

Answer:-Federal-Local-State tax Explanation;-A federal income tax is a tax levied by the united States Internal revenue Service (IRS) of the annual income of individuals, corporations, trusts and other legal entities.-All businesses must pay state income taxes. Some companies, such as companies, are taxed as separate entities for income, while the income of other businesses is not subject to tax separately from the income of their main owners.-A local tax is usually collected in the form of property taxes, and is used to fund a wide range of public services from garbage collection to sewer maintenance. The local taxes include:Property taxes Operating tax, which is used by some of the cities in place of a business license Sales tax, if your business is involved in retail sales Income tax, which is rare but can be imposed on businesses that operate in the big cities

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