Ask Question
BusinessBusiness
18 August, 01:19

What are two ways that a person's wealth may be taxed? Describe these taxes.

+3
Answers (1)
  1. 18 August, 01:30
    0
    Here are the answers to the question above. The two ways that a person's wealth may be taxed according to the following:

    Estate taxes are taxes levied on a person’s estate when that person dies. Inheritance tax is a tax on the property or assets that someone has passed on to another. Hope this answers your question.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What are two ways that a person's wealth may be taxed? Describe these taxes. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Stacy is trying to find a parking spot in a busy parking lot. she sees an open space and heads toward it, but before she can pull in, a car cuts her off, zooms into the space, and nearly causes an accident.
Answers (1)
Carrington Corporation produces canned vegetable soup. The company uses the weighted-average method in its process costing system. The company sold 300,000 units in January.
Answers (1)
After a long night of partying, one of your friends yells "Road Trip!" You all hop in the car and keep driving. When you finally reach your destination it is noon and you see the Sun directly overhead.
Answers (1)
A method of understanding what any business does is to view it as a system for meeting customer needs by
Answers (2)
Dan kim does a lot of customer research on his ideas for new products before actually making a prototype. in the new-product development process, this stage is calle
Answers (1)
New Questions in Business
The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $202,000. During 2016, the company had revenues of $402,000 and expenses of $351,000, and the company declared and paid dividends of $11,200.
Answers (1)
Which of the following refers to the acquisition of goods in one country and the selling of them to buyers in another country? a. Cartel b. Joint venture c. Trading company d. Outsourcing
Answers (1)
1. Of the 4 strategic approaches to international markets, which one (s) might be the best for a manufacturing company? a financial services company? or a company like Coke or Pepsi? Thoughts? 2.
Answers (1)
Masks Inc. is a cosmetics company that makes beauty products. It uses whale oil from dead whales only and does not kill whales to obtain blubber. A newspaper publishes a report stating that Masks Inc.
Answers (1)
Transfer payments are not included in gdp calculation because these are
Answers (1)
Home » Business » What are two ways that a person's wealth may be taxed? Describe these taxes.
Sign Up Forgot Password?