wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is a union tax?

A
Taxes on agricultural income
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Capitation taxes
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Land revenues
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Corporation tax
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D Corporation tax
Corporation tax is a direct tax imposed by the government on the income or capital of corporations. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Revenue budget
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon