Which of the Following Is NOT an Example of an Excise

question 42

Multiple Choice

Which of the following is NOT an example of an excise tax?

• A) cable television
• B) cigarettes
• C) cell phones
• D) sales tax
• E) gasoline

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Definitions:

Call Provision

A clause in a bond's contract that allows the issuer to redeem the bond before its maturity date under specific conditions.

Retire Bonds

The process of paying off or redeeming bonds before or at maturity to eliminate debt obligations.

Investing

The act of allocating resources, often money, in the hope of generating an income or profit in the future.

Yield to Maturity

The total rate of return anticipated on a bond if it is held until the date it matures, considering all payments of principal and interest.