Which of the Following Is an Example of an Excise

question 81

Multiple Choice

Which of the following is an example of an excise tax?

• A)a tax on the wages that a firm pays its workers
• B)a tax on tobacco
• C)a tax on corporate profits
• D)the portion of federal income taxes earmarked to pay for Social Security and Medicare

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Definitions:

Fixed Exchange Rate

A government or central bank policy that pegs the country's currency to another currency or to a reference value, such as gold, and does not allow it to fluctuate freely in the Forex market.

Extremism

The holding of extreme political or religious views and the actions taken to support or achieve them.

Trade Control

Government-imposed restrictions on the free exchange of goods and services between countries, including tariffs, quotas, and import licenses.

Property Rights

Legal rights over the use, control, and transfer of property, which can include intellectual property, real estate, and physical assets.