Which Of The Following Statements About Taxes Is False?

(Correct Answer Below)

Reveal the answer to this question whenever you are ready.

Which Of The Following Statements About Taxes Is False?

a. Three taxes are deducted from your paycheck: federal income tax, state income tax (if applicable), and FICA b. Not all types of income are taxed; while earned income and passive income are taxed, portfolio income is not taxed. c. the primary taxes on consumption are sales tax and excise tax d. taxes on wealth and property include property tax, taxes on inheritance, estate taxes, and gift taxes
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b. Not all types of income are taxed; while earned income and passive income are taxed, portfolio income is not taxed.

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