Which of the Following Is Not Characteristic of an Excise

question 60

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)Purchasers of luxury items are responsible for paying any excise tax directly to the government.
• D)All of the above are characteristics of an excise tax.

---

Definitions:

Statute of Frauds

A legal principle that requires certain types of contracts to be written and signed.

Emergency

A sudden, urgent, usually unexpected occurrence or condition requiring immediate action or response.

Disclosing Identity

Revealing the true identity of an individual or entity, often in the context of legal and security procedures.

Misrepresentation

False or misleading statements that induce someone to enter into a contract, potentially rendering the contract voidable.