Question

businesses are not required to pay which of the following taxes? inheritance tax fica federal income tax

Explanation:

Inheritance tax is levied on the transfer of property from a deceased person to their heirs. Businesses do not typically have inheritance tax obligations as this tax relates to individual inheritances. FICA (Federal Insurance Contributions Act) tax is paid by businesses (and employees) for Social Security and Medicare. Federal income tax is also paid by businesses on their taxable income.

Answer:

A. Inheritance Tax