Asked by Carol Rodgers on Apr 29, 2024
Verified
An excise tax is a tax on a specific good, like gasoline.
Excise Tax
A tax levied on specific goods, such as alcohol and tobacco, typically intended to discourage their consumption or generate revenue.
- Comprehend the types of taxes, including excise, individual income, and corporate taxes, and their effects on the economy.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
True
Explanation :
An excise tax is indeed a tax levied on a specific good or commodity, such as gasoline, tobacco, or alcohol, and is typically imposed at the point of manufacture, sale, or use.
Learning Objectives
- Comprehend the types of taxes, including excise, individual income, and corporate taxes, and their effects on the economy.