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What are taxes collected on specific products such as tobacco and gasoline called?Group of answer choicesad valorem taxexcise taxluxury taxincome tax

Question

What are taxes collected on specific products such as tobacco and gasoline called?Group of answer choicesad valorem taxexcise taxluxury taxincome tax

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Solution

The taxes collected on specific products such as tobacco and gasoline are called excise tax.

Similar Questions

The taxes that a country levies on goods shipped into it from other countries Group of answer choicestariffs.import taxes.export taxes.excise taxes. None of these answers are correct.

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Classification of Tax

Gasoline tax is a (n) aExcise tax bPayroll tax cSales tax d

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