John Camey Goes into a Local Department Store and Purchases

question 81

Multiple Choice

John Camey goes into a local department store and purchases a new suit.He pays $43 in taxes on this purchase.What type of tax is this most likely to be?

• A)General sales tax
• B)Excise tax
• C)Personal property tax
• D)Income tax
• E)Estate tax

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Definitions:

Reduced By

To decrease in amount or number by a specified factor or quantity.

First Year

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A phrase indicating that a quantity has been added to, usually in the context of arithmetic operations or describing growth in a financial metric.

Increased By

An expression denoting an addition or increment in value or quantity.