11. LO1 State whether each of the following payments is a tax. Explain your answers. a. To incorporate his business, Alex pays the state of Texas a $2,000 incorporation fee. b. The city paves a road and assesses each property owner on the road $4,000 for his or her share of the cost. c. The city of Asheville charges each residence in the city $10 per month to pick up the trash. d. Rory pays $450 of income tax to the state of California. e. Lanny is fined $45 for exceeding the speed limit.

11. LO1 State whether each of the following payments is a tax. Explain your answers. a. To incorporate his business, Alex pays the state of Texas a $2,000 incorporation fee. b. The city paves a road and assesses each property owner on the road $4,000 for his or her share of the cost. c. The city of Asheville charges each residence in the city $10 per month to pick up the trash. d. Rory pays $450 of income tax to the state of California. e. Lanny is fined $45 for exceeding the speed limit.

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter1: Federal Income Taxation—an Overview

Section: Chapter Questions

Problem 41P

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