which of the following is an example of a wealth tax?\na. income tax\nb. excise tax\nc. estate tax\nd. sales…

which of the following is an example of a wealth tax?\na. income tax\nb. excise tax\nc. estate tax\nd. sales tax\nplease select the best answer from the choices provided

which of the following is an example of a wealth tax?\na. income tax\nb. excise tax\nc. estate tax\nd. sales tax\nplease select the best answer from the choices provided

Answer

Answer:

C. estate tax

Brief Explanations:

A wealth - tax is levied on an individual's net worth. Estate tax is imposed on the transfer of the estate of a deceased person, which is a form of wealth transfer, making it a wealth tax. Income tax is on earnings, excise tax on specific goods, and sales tax on the sale of goods and services, none of which are wealth taxes.