Select the tax that matches each of the following descriptions regarding the nature and purpose of the tax.

Part A

a. a tax is based on the right to do business in the state

b. a tax is based on the importation of a certain foreign goods.

c. a tax is applicable to trades or businesses, serving as a license.

d. a tax is based on the notion of a state's interest in its natural resources.

e. a tax is imposed on the export of certain commodities.

Part B

1. franchise taxes2. customs duties3. occupational fees4. severance taxes5. export duties

There are various terms which are explained below:

a. Franchise taxes: The franchise tax is the tax that is imposed while doing the same business in different states.

b. Custom duties: The customs duties are levied when the import of certain foreign goods takes place

c. Occupational fee: For doing the business, the license is necessary so that the business can be started

d. Severance tax: This tax is imposed on natural resources only.

e. Export duties: These duties are levied when certain commodities are exported

So, the categorization is shown below:

a. a tax is based on the right to do business in the state = Franchise taxes

b. a tax is based on the importation of a certain foreign goods. = Custom duties

c. a tax is applicable to trades or businesses, serving as a license. = - Occupational fees

d. a tax is based on the notion of a state's interest in its natural resources. = Severance tax

e. a tax is imposed on the export of certain commodities = export duties