What is a tax levied on any asset inherited?

a. flat tax

c. payroll tax

b. estate tax

d. recessive tax

Question

Social Studies

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24 July, 12:56

What is a tax levied on any asset inherited?

a. flat tax

c. payroll tax

b. estate tax

d. recessive tax

+2

Answers (1)

Know the Answer?

Yahir Salas · Answer 1

The best answer here is b. estate tax - this is the tax that is applied on a transfer of wealth after the person died.

a. flat and d. recessive tax decribe how and weather the rates of taxation change for people who earn less or more (flat tax: everyone pays the same percentage).

What is a tax levied on any asset inherited?a. flat taxc. payroll taxb. estate taxd. recessive tax

What is a tax levied on any asset inherited?

a. flat tax

c. payroll tax

b. estate tax

d. recessive tax