An Excise Tax Is Imposed on the Profits of a Business

question 16

True/False

An excise tax is imposed on the profits of a business or profession, but not on an individual's income.

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Definitions:

Reliability

The consistency and dependability of a measurement, test, or assessment over time.

Validity

The extent to which a test or instrument measures what it claims to measure.

Reliability

How much a testing tool generates consistent and stable outputs over various times.

Validity

Refers to the extent to which a concept, conclusion or measurement is well-founded and likely corresponds accurately to the real world.