The State places a ten cent tax on every gallon of gasoline used by consumers. What type of tax is this an example of: a. sales tax c. income tax b. excise tax d. customs duty
Any ideas ?
B is my guess.
Pretty sure it is.
Income tax is a tax on a citizen's earned wealth throughout a year.
Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. Excise Tax has several general excise tax programs. Income tax: tax levied by a government directly on income, especially an annual tax on personal income.
Conqueror is correct.
Sweet I was right. Just making sure. Thanks~
Why are C and B mixed up ? o_O
Idk. xD
@Conqueror
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