Which of the Following Is an Excise Tax

question 6

Multiple Choice

Which of the following is an excise tax?

• A)tax levied on corporate income
• B)tax levied on personal income
• C)tax levied on the consumption of a certain good
• D)tax levied on the top 2 percent of income earners

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Definitions:

Computer Sales & Repair (CSR)

Businesses focused on selling computer hardware and software, as well as providing repair and maintenance services for computer systems.

Risk Of Loss

The potential that an asset or investment will decrease in value or become entirely worthless.

Passage Of Title

The transfer of ownership rights from the seller to the buyer in a transaction.

Insurable Interest

A stake or financial interest in an item or person that allows the owner to purchase insurance against risks.