Question

Which of the following is a similarity between state corporate income taxes and state property taxes?

A.
both taxes
B.
both taxes are paid annually
C.
both taxes are collected quarterly by a taxation officer
D.
both taxes are paid to local governments first and then to state governments

Answer 1

B. Both taxes are paid annually

Step-by-step explanation:

State corporate income taxes and State property taxes are different methods of extracting taxes from the citizens in the United States. While these different types of taxes are different in certain circumstances such as rates and brackets, they are so similar in terms of payment.

Therefore, the similarity between the two methods of getting taxes from citizens is that "Both taxes are paid annually."