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Answer :
Each type of tax is matched with its example: 1% Property Tax on a home's value, 2% Capital Gains Tax on profits from a house sale, and 20% Personal Income Tax on wages.
The question is about matching each type of tax with its corresponding use. The categories mentioned are Property Tax, Capital Gains Tax, and Personal Income Tax.
- Property Tax: A tax imposed on the value of property, such as real estate. An example of its use is a 1% charge on the value of a home.
- Capital Gains Tax: A tax on the profit from the sale of property or investments. An example is a 2% charge on profits from selling a house.
- Personal Income Tax: A tax on individuals' earnings, including wages and capital income. An example would be a 20% charge on wages earned.
Matched Tax Examples:
- Property Tax:
1% charged on the value of a home. - Capital Gains Tax:
2% charged on profits from selling a house. - Personal Income Tax:
20% charged on wages earned.
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