The correct answer is A) Direct Tax.
A direct tax is a tax that is levied directly on the person or entity that is responsible for the tax. This means that the tax is not passed on to another person or entity. Direct taxes are typically levied on income, property, and wealth.
An indirect tax is a tax that is levied on goods and services. The tax is paid by the consumer of the goods or services, but the ultimate burden of the tax is borne by the producer of the goods or services. Indirect taxes are typically levied on sales, value-added, and excise taxes.
A property tax is a tax that is levied on the value of real property. The tax is typically paid to the local government by the owner of the property. Property taxes are used to fund a variety of government services, such as schools, roads, and libraries.
A corporate tax is a tax that is levied on the income of corporations. The tax is typically paid to the federal government by the corporation. Corporate taxes are used to fund a variety of government services, such as Social Security, Medicare, and the military.
In conclusion, the correct answer to the question “A type of tax levied directly on an individual’s or company’s income” is A) Direct Tax.