An Excise Tax

question 176

Multiple Choice

An excise tax

• A)is a sales tax on the purchase of a particular good or service.
• B)is a tax on the profits earned from the sale of an asset.
• C)represents a surcharge on corporate profits beyond the normal corporate tax rate.
• D)is a tax on income-earning rental property.

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Definitions:

Lymphocytes

A type of white blood cell that is part of the immune system, with a primary role in protecting the body against viruses, bacteria, and other foreign invaders.

White Blood Cells

Cells of the immune system involved in protecting the body against both infectious disease and foreign invaders.

Lymph System

A part of the immune system consisting of a network of vessels, tissues, and organs that help rid the body of toxins, waste, and other unwanted materials.

Bloodstream

The circulating fluid system within the body, comprised mainly of blood, that delivers nutrients and oxygen to the cells and carries away waste products.