Corporate taxes are a type of what kind of tax?
a: income tax
b: property tax
c: sales tax
d: excise tax

The answer is income tax

A: Income Tax

Corporate taxes are a type of income tax.

Explanation:

Income tax refers to tax imposed or levied by the government on individual and business income within their jurisdiction. Tax rates vary by type and characteristics of the person paying the tax which may increase as taxable income increases. Governments use the taxes they collect to provide social basic amenities like education, good roads, electricity, good sewage system and so on.

Corporate taxes refer to taxes levied by the government on the profit of a firm or company.

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