Which is NOT a major business internal revenue tax in the Tax Code?Select one:a.Income taxb.Excise taxc.Percentage taxd.Value added tax
Question
Which is NOT a major business internal revenue tax in the Tax Code?Select one:a.Income taxb.Excise taxc.Percentage taxd.Value added tax
Solution
The answer is b. Excise tax. This is not a major business internal revenue tax in the Tax Code. Excise taxes are typically imposed on specific goods or services, and are not a direct tax on a business's income or value added.
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