Question
What type of tax is commonly referred to as "paper
taxes"?Solution
Gift tax is often referred to as a "paper tax" because it is a tax on the transfer of wealth or assets, typically in the form of gifts or inheritances, which is documented on paper. It is a tax on the transfer of wealth, rather than a tax on physical goods or services.
- In the following questions, sentences are given with blanks to be filled in with the appropriate word(s). Four alternatives are suggested for each question...
- Fill in the blanks:
The artist was __________ for his __________ imagination and unique style. Select the most appropriate option to fill in the blank.
The committee’s suggestion was not acceptable to everyone as it was ______.
I. Canada and the U.S. closely monitor virtual currency activity to ___________ they do not run afoul of laws on financial crimes.
II. Simulta...
Choose the correct answer to fill the given blank
The company's profits _____ last year.
The building that we came across while travelling today was ___________.
 (A) cracked                       (B)ruined�...
The startup is growing quickly, but they need to ensure they don’t _______ and make careless mistakes.
The _____ of our civilization from an agricultural society to today's complex industrial world was accompanied by war. Â
Select the most appropriate word to fill in the blank.
If only we_______a light! It is depressing to wait in the dark.
Select the most appropriate option to fill in the blank.
The old castle was surrounded by a ___________ moat, adding to its aura of mystery.
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