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What Is the Major Difference Between a Sales Tax and an Excise

question 36

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What is the major difference between a sales tax and an excise tax?


Definitions:

Pancreatic Duct

A conduit through which digestive enzymes from the pancreas are delivered to the small intestine.

Common Hepatic Duct

A duct formed by the convergence of the right and left hepatic ducts that transport bile from the liver to the gallbladder and duodenum.

Cystic Duct

A small duct that connects the gallbladder to the common bile duct, allowing bile to flow into and out of the gallbladder.

Pancreatic Duct

A duct connecting the pancreas to the common bile duct to supply pancreatic juices containing digestive enzymes to the small intestine.

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