Mathematics

Blackie

16 August, 16:10

Select the correct answer ... Economics

The property taxes on a house that Alan owns and rents out have increased. To balance his monthly budget, he decides to increase his tenants' rent by $10 per month. He will use the extra money to pay his property tax. In this scenario, what type of tax do his tenants pay?

A. direct tax

B. estate tax

C. excise tax

D. gift tax

E. indirect tax