Which of the Following Is Not Characteristic of an Excise

question 41

Multiple Choice

Which of the following is not characteristic of an excise tax?

• A) An excise tax is levied on the retail sale of specific goods.
• B) Excise tax rates typically are higher than general sales tax rates.
• C) The purchaser is responsible for paying any excise tax directly to the government.
• D) All of these choices are characteristics of an excise tax.

---

Definitions:

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, sewage, water, and electric systems necessary for a society to function.

Banking Crisis

A financial crisis that occurs when many banks suffer simultaneous runs, leading to insolvency or prompting government intervention.

Roosevelt

A surname associated with two prominent American presidents, Theodore Roosevelt and Franklin D. Roosevelt, who served in the early and mid-20th century, respectively.

President

The elected head of a republican state, often holding the highest executive authority within the government structure.