Question

Individual income tax
2.
social insurance tax (social security, medicare, medicaid):
social insurance tax (social security, medicare, medicaid)
3.
sales tax:
sales tax
4.
corporate income tax:
corporate income tax
5.
property tax:
property tax
6.
excise tax:
excise tax
Column B
a. federal
b. both
c. state/local

Answer 1

Here’s how to categorize the types of taxes listed in Column A based on their jurisdiction in Column B:

1. Individual income tax - **a. federal** (though some states also have their own individual income taxes, the federal individual income tax is the primary reference)
2. Social insurance tax (Social Security, Medicare, Medicaid) - **a. federal** (these taxes are collected at the federal level)
3. Sales tax - **b. both** (sales tax can be imposed by both state and local governments)
4. Corporate income tax - **a. federal** (similar to individual income tax, there is a federal corporate income tax, although states may also impose their own)
5. Property tax - **c. state/local** (property taxes are primarily levied by local governments, although states may have their own property tax laws)
6. Excise tax - **b. both** (excise taxes can be imposed at both the federal and state/local levels)

Here’s the summary:

1. Individual income tax - a. federal
2. Social insurance tax (Social Security, Medicare, Medicaid) - a. federal
3. Sales tax - b. both
4. Corporate income tax - a. federal
5. Property tax - c. state/local
6. Excise tax - b. both