An excise tax is levied on:A) each unit of a good or service that is sold.B) earnings.C) the ownership of real estate.D) the inheritance of assets.

Question

Deverion Williams · Accepted Answer

Final Answer : A, Explanation :  An excise tax is a tax that is applied to a specific good or service. It is typically charged as a percentage of the sale price, with the amount of tax paid increasing as the price of the good or service increases. Examples of goods and services that may be subject to excise taxes include cigarettes, alcohol, gasoline, and airline tickets.

An excise tax is levied on:

A) each unit of a good or service that is sold.
B) earnings.
C) the ownership of real estate.
D) the inheritance of assets.

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