Taxes on the purchase of specific items such as gasoline,cigarettes,or alcoholic beverages are called _____ taxes.

A) personal income
B) excise
C) property
D) sales

Question

Taxes on the purchase of specific items such as gasoline,cigarettes,or alcoholic beverages are called _____ taxes.A) personal incomeB) exciseC) propertyD) sales

Pirranavan Vigneswaran · Accepted Answer

Final Answer : B, Explanation :  Excise taxes are taxes that are levied on specific goods, such as gasoline, cigarettes, or alcoholic beverages. These taxes are often seen as a way to discourage the use of these goods or to generate revenue for the government. Personal income taxes are levied on individuals based on their income, property taxes are levied on the value of property, and sales taxes are levied on the purchase of goods and services.

Taxes on the purchase of specific items such as gasoline,cigarettes,or alcoholic beverages are called _____ taxes.

A) personal income
B) excise
C) property
D) sales

Definitions

Learning Objectives

Learning Objectives

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