One of the following is not a direct taxQuestion 2Answera.company gain taxb.personal income taxc.clothing taxd.capital gains tax borrowing

Analyzing the Options

1. Company Gain Tax: This is a tax on the profits earned by companies, and it is considered a direct tax.
2. Personal Income Tax: This tax is levied on the income of individuals and is a direct tax.
3. Clothing Tax: This is likely a reference to sales tax or value-added tax applied to clothing purchases, which is generally indirect.
4. Capital Gains Tax: This tax is imposed on the profit realized from the sale of non-inventory assets and is considered a direct tax.

Conclusion

Among the given options, c. clothing tax is not a direct tax. It is commonly categorized as an indirect tax because it is imposed on transactions rather than on income or profits directly.