Question

Corporate taxes are a type of income tax. property tax. sales tax. excise tax.

Answer 1

Answer: 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.

Answer 2

Answer:

income tax

Explanation: