Which one of the following taxes does not have to be reported and paid with the Federal income tax?
A)Alternative minimum tax
B)Federal excise tax
C)Self-employment tax
D)More than one of the above

Question

Quizplus · Accepted Answer

Federal excise tax is typically paid by businesses on specific products or services, such as fuel or airline tickets. It is not commonly reported or paid with an individual's Federal income tax return. Alternately, both the alternative minimum tax and self-employment tax must be reported and paid by certain individuals.

Which One of the Following Taxes Does Not Have to Be