Financial Accounting MCQS - QUESTION DETAILS

Which tax is imposed on the wealth transferred from one person to another, typically upon death?
A. Estate Tax
B. Gift Tax
C. Corporate Tax
D. Value Added Tax

Estate Tax is imposed on transferred wealth upon death.

Similar Questions

What term refers to the mix of debt and equity in a company's capital structure?






What is the cost of obtaining funds for a business, including both debt and equity?






What does the Vertical Analysis of a financial statement express as a percentage of total revenue?






What financial tool assesses the efficiency of a company in using its assets to generate sales?






What is the term for the method of assigning costs based on a predetermined cost per unit of activity or volume?






What term refers to the practice of using financial instruments to protect against the risk of adverse price movements?






What is the strategy of generating income with little or no effort actively required on the part of the earner?






In the context of risk management, what does the term "compliance risk" refer to?






What financial metric assesses the efficiency of a company in managing its inventory?






What financial decision involves evaluating the profitability and feasibility of long-term investment projects?