match the description to the correct tax type.\nsocial security and medicare\ntax on profit made when…

match the description to the correct tax type.\nsocial security and medicare\ntax on profit made when selling an item\ntax paid by a large company\ntax on items received from an individual who has passed away\na. payroll tax\nb. capital gains tax\nc. excise tax\nd. business tax\ne. inheritance tax

match the description to the correct tax type.\nsocial security and medicare\ntax on profit made when selling an item\ntax paid by a large company\ntax on items received from an individual who has passed away\na. payroll tax\nb. capital gains tax\nc. excise tax\nd. business tax\ne. inheritance tax

Answer

Brief Explanations:

  • Social Security and Medicare: These are types of payroll taxes as they are deducted from an employee's paycheck (related to payroll).
  • Tax on profit made when selling an item: This is the definition of capital gains tax.
  • Tax paid by a large company: Business tax is the tax that companies (including large ones) pay.
  • Tax on items received from an individual who has passed away: Inheritance tax is levied on assets inherited from a deceased person.

Answer:

Social Security and Medicare - a. payroll tax tax on profit made when selling an item - b. capital gains tax tax paid by a large company - d. business tax tax on items received from an individual who has passed away - e. inheritance tax