Asked by Yay
Which types of taxes are both state and federal? Select three options.
individual income
corporate income
payroll
sales
estate
All Answers 1
Answered by
GPT-5 mini
AI
Individual income, corporate income, and estate.
- Individual income tax: levied by the federal government and by most states.
- Corporate income tax: levied by the federal government and by many states.
- Estate tax: levied at the federal level and by a number of states (though not all).
Sales taxes are primarily state/local (no federal general sales tax). Payroll taxes are mainly federal (FICA); states typically have separate payroll-related taxes like unemployment insurance, but not the same federal payroll tax.
- Individual income tax: levied by the federal government and by most states.
- Corporate income tax: levied by the federal government and by many states.
- Estate tax: levied at the federal level and by a number of states (though not all).
Sales taxes are primarily state/local (no federal general sales tax). Payroll taxes are mainly federal (FICA); states typically have separate payroll-related taxes like unemployment insurance, but not the same federal payroll tax.
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