Which tax is based on the value of the estate left behind when a person dies?
A) sales tax
B) consumption tax
C) estate tax
D) capital gains tax

Name: Which tax is based on the value of the estate left behind when a person dies? A) sales tax B) consumption tax C) estate tax D) capital gains tax
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Question

Quizplus · Accepted Answer

The estate tax is based on the value of the estate left behind when a person dies. This tax is paid by the estate before the remaining assets are transferred to the heirs.

Which Tax Is Based on the Value of the Estate