Asked by
Giorgio Dalbon
on Oct 13, 2024
Verified
Excise taxes are
A) really income taxes in disguise.
B) profits taxes on major corporations.
C) per-unit taxes on specific goods.
D) percentage taxes on sales revenues.
E) the second most important source of federal revenue.
Excise Taxes
Taxes imposed on specific goods, services, or transactions, typically aimed at discouraging their consumption or raising revenue for specific purposes.
Per-Unit Taxes
Taxes that are charged on a per-item basis, often levied on specific goods or services, such as gasoline or cigarettes.
- Acquire an understanding of the configuration and effects of different tax models, including corporate income tax, excise taxes, and Social Security tax.
- Distinguish between direct and indirect taxation and their effects on tax-paying individuals.
Verified Answer
JA
Learning Objectives
- Acquire an understanding of the configuration and effects of different tax models, including corporate income tax, excise taxes, and Social Security tax.
- Distinguish between direct and indirect taxation and their effects on tax-paying individuals.