Which of the Following Good or Service Is Subject to an Excise

question 45

Multiple Choice

Which of the following good or service is subject to an excise tax?

• A)Gasoline
• B)Tires
• C)Cigarettes
• D)Air travel
• E)All of these

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Definitions:

Commercial Explosive

Materials or chemicals used in the construction and mining industries, among others, to demolish or move materials through controlled explosions.

Dynamite

An explosive made of nitroglycerin, sorbents (like silica), and stabilizers, invented by Alfred Nobel and used in mining and construction.

Nonvolatile Solute

A solute that does not easily vaporize into gas under existing conditions, typically leading to an increase in the boiling point of the solvent when dissolved.

Solvent

A substance, usually a liquid, capable of dissolving other substances (solutes) to form a solution.