Direct taxes include?
ECONOMICS
WAEC 2017
Direct taxes include?
- A. excise duty
- B. ad valorem tax
- C. specific tax
- D. capital gain tax
Correct Answer: D. capital gain tax
Explanation
A direct tax is a tax, such as income tax, which is levied on the income or profits of the person who pays it, rather than on goods or services. Some of the different direct taxes are income tax, corporate tax, wealth tax, and capital gains tax.
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