Answer :
Personal income tax is a type of tax levied by the government on an individual's earnings, such as employee compensation.
Whereas corporate tax is a government-assessed expense (cash outflow) that is a country's primary source of revenue.
Thus, Option A is correct.
Is business tax based on profit or revenue?
A corporation tax is a tax levied on the profits of a business.
Taxes are levied on a company's taxable income, which is revenue minus cost of goods sold (COGS), general and administrative (G&A) expenses, selling and marketing, research and development (R&D), depreciation, and other operational expenses.
For more information about Corporate tax refer to the link:
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