Question

Corporate taxes are a type of

Answer 1

Answer:

income tax

Explanation:

Hope this helps!

Answer 2

Answer:

income tax

Corporate taxes are a type of income tax.

Explanation:

Income tax refers to tax imposed by the government on businesses and individual’s net income.  Tax rates differ by type or characteristics of the taxpayer.  It is a source of revenue for the government because it is used in funding public services, paying government obligations and providing and maintenance of public goods such as good roads, education, good sewage system, electricity, pipe borne water and so on.

Corporate taxes are taxes imposed by the government on the net income of companies or businesses.