Which tax is assessed by certain state governments against beneficiaries who receive inherited property?

Question

Quizplus · Accepted Answer

The tax assessed by certain state governments against beneficiaries who receive inherited property is called inheritance tax. Estate tax is levied on the estate of a deceased person, while excise tax is a tax on specific goods or services, and a flat tax is a tax with a fixed percentage rate applied to all income levels.

Which Tax Is Assessed by Certain State Governments Against Beneficiaries