Which of the Following Is an Unit Excise Tax

question 14

Multiple Choice

Which of the following is an unit excise tax?

• A) A tax of 15%
• B) An admission fee of $2.00 on each ticket purchased
• C) An ad valorem tax of $3.00
• D) An income tax of $3.00

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Definitions:

Production Volume

The total quantity of products or goods produced by a company within a specific period.

High-low Method

A technique used in cost accounting to estimate fixed and variable costs associated with production by analyzing the highest and lowest levels of activity.

Maintenance Cost

Expenditures associated with the upkeep of buildings, equipment, and machines to ensure efficient operation and prolong their life.

Mixed Cost

A cost that contains both variable and fixed cost elements, meaning part of it changes with the level of activity while another part remains constant.