Which of these is an example of an excise tax?

A) property taxB) motor fuels taxC) personal income taxD) corporate income tax

Question

Social Studies

Gloria Sweeney

25 March, 09:18

Which of these is an example of an excise tax?

A) property taxB) motor fuels taxC) personal income taxD) corporate income tax

+5

Answers (2)

Know the Answer?

Mina Gates · Answer 1

Motor fuels

Explanation:

Since excise tax revoves around gasoline taxes

Matias Macias · Answer 2

Option B, motor fuels tax, is the right answer.

Explanation:

An excise tax is a tax on produced goods which is levied at the time of production, rather than at marketing. Excises are generally inflicted in addition to an indirect duty, for instance, a value-added tax or sales tax. The excise taxes are generally added in the price of the good. The excise taxes are imposed on activities, such as on wagering or interstate usage by vehicles. Motor fuel is one of the major elements of the excise program.

Which of these is an example of an excise tax?A) property taxB) motor fuels taxC) personal income taxD) corporate income tax

Which of these is an example of an excise tax?

A) property taxB) motor fuels taxC) personal income taxD) corporate income tax