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Each of the following events result in a tax payment. which is an example of an indirect tax?
a. Jimmy buys his fiancé an engagement ring at a local jewelry store.
b. Sara inherits her grandfather's home and property upon his death.
c. Mr. Smith's hardware store earned its biggest profit this year to date.
d. Mrs. Jones saves each year for the property taxes owed on her horse farm.

Respuesta :

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A) Since the jewellery shop inherits Jimmy's financial obligation to pay the tax in the end.

What does the tax serve to achieve?

Taxes are the principal source of revenue for the majority of governments. This money is used for a number of things, such as paying for public services like hospitals, schools, and social services as well as improving and maintaining public infrastructure, like the highways we use to go around.

What are taxes and their advantages?

Taxes are collected to provide funding for inflation-free government spending. Taxes are used by the government for a variety of purposes, including funding for public infrastructure. initiatives for growth and welfare. defence-related expenses.

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