Which of the following taxes is not a significant source of revenue for local governments?
A. Real property tax
B. Employment tax
C. Personal property tax
D. All of the above
Answer: B
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Which statement below does not represent the taxation of stock option plans?
A. Tax law does not restrict the number of options that an employee can classify as ISOs in a given year. B. Nonqualified stock option plans provide tax benefits to employers. C. Incentive Stock Options (ISO) provide tax benefits to employees. D. Employers do not receive a tax deduction for ISOs.
Which of the following is not a method used by the Environmental Protection Agency (EPA) to enforce its regulations?
A. permits B. mandatory arbitration C. criminal complaints D. administrative fines
If TRX Inc's sales total $150 million, and the cost of goods sold is $50 million, calculate the percent gross profit for TRX
A) 33.3% B) 25% C) 66.6% D) 15% E) 75%
Companies can deduct the cost of training as a business expense.
Answer the following statement true (T) or false (F)