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:

Retirement Savings

Money that individuals set aside to have financial resources during their retirement, often accumulated through accounts or plans that offer tax benefits.

Automatic Deductions

A financial arrangement where funds are transferred from one account to another at prearranged intervals, often used for recurring payments.

Hyperbolic Discounting

A behavioral economics theory suggesting that people are more likely to choose smaller, immediate rewards over larger, later rewards, displaying a decreasing rate of time preference.

Hyperbolic Discounting

A behavioral economics theory, describing how people tend to choose smaller, immediate rewards over larger, delayed ones.