Question

Wealth Tax is a:

• A. Direct tax
• B. Indirect tax
• C. Cooperation tax
• D. Value added tax

Answer 1

The correct option is A Direct tax

A direct tax is paid by a person upon whom it is legally imposed; its effect is borne by the tax payer, for example, income tax. A direct tax is demanded from the very person who it is intended or devised for. An example of a direct tax is wealth tax.