Question

multiple select question
select all that apply
which of the following taxes may be imposed in addition to the individual income tax and are calculated on tax bases other than the regular taxable income?
□ self - employment tax
□ alternative minimum tax
□ capital gains tax
□ value - added tax

Explanation:

• Self - employment tax: It is a tax imposed on self - employed individuals in addition to individual income tax, and its tax base is related to self - employment income (different from regular taxable income for individual income tax).
• Alternative minimum tax: This tax is designed to ensure that taxpayers with certain types of income or deductions pay a minimum level of tax, and it is calculated on a different tax base (alternative minimum taxable income) than regular taxable income.
• Capital gains tax: It is levied on the gain from the sale of capital assets, and this gain is a different tax base from regular taxable income for individual income tax.
• Value - added tax: In many tax systems, value - added tax is a separate tax (usually a consumption - based tax) that is imposed on the value added at each stage of production and distribution, and it is not part of the individual income tax base. So it is not included.

Answer:

A. Self - employment tax, B. Alternative minimum tax, C. Capital gains tax