Which of the following statements are correct?   i. A tax is a statutory obligation that is imposed by an act of parliament in a country. ii.  A tax is any deduction taken from a person’s salary by the government. iii. Taxation is the major source of government income. iv. Direct and indirect taxes are the two broad categories of taxation.

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A: (a): Treasury securities - Interest paid on all types of treasury securities will be fully taxable…

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A: Comment; We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

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A:

Q: fiscal

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A: A sales tax is a state-imposed tax on the sale of services and goods.Excise tax is a type of tax…

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Q: Which of the following are reductions  from the federal tax owed dollar -for - dollar.    Select…

A: Federal Tax is Tax on Income to be paid by Individuals, Corporation on their income of a particular…