Federal Excise Taxes That Are No Longer Imposed Include

question 123

Multiple Choice

Federal excise taxes that are no longer imposed include:

• A)Tax on air travel.
• B)Tax on wagering.
• C)Tax on the manufacture of sporting equipment.
• D)Tax on theatre admissions.
• E)None of the above.

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Definitions:

Future Benefits

Expected economic advantages gained from current investments, actions, or decisions.

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An organization or enterprise engaged in commercial, industrial, or professional activities with the aim of generating profits.

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Operations, tasks, or functions that a company engages in as part of its pursuit of economic gain.

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A bicameral legislative body in the federal government of the United States consisting of the Senate and the House of Representatives responsible for making national laws.