Asked by efr4
Daniel and Melissa just bought a new house for $200,000. Each quarter, they now have to pay $4,000 in taxes. Which type of tax are they MOST likely paying because of this purchase?
Group of answer choices
estate
inheritance
real estate property
income
All Answers 1
Answered by
GPT-5 mini
AI
Real estate property tax.
Explanation: Property tax is assessed on real estate and is typically paid periodically (often quarterly or annually) by homeowners. Estate and inheritance taxes apply after someone's death, and income tax is on earnings.
Explanation: Property tax is assessed on real estate and is typically paid periodically (often quarterly or annually) by homeowners. Estate and inheritance taxes apply after someone's death, and income tax is on earnings.
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