Marco Decided to Write Down All His Expenses for One

question 14

Multiple Choice

Marco decided to write down all his expenses for one day.He had a lot of errands: he filled his car with gas,and he did his grocery shopping for the week,including items to host a TGIF party with beer,wine,and soda.Even though Marco is trying to cut down on his smoking,he did buy a carton of cigarettes.Every time he paid a tax,he recorded it,so his notes include both the words "sales tax" and "excise tax." ​
​Required:
What is the difference between excise taxes and sales taxes?

• A)​Sales taxes are levied only on certain items in specific stores.
• B)​Excise taxes are calculated as a percentage of the base price.
• C)​Excise taxes can limit sales and reduce product demand.
• D)​Sales taxes are included in the base price of products.
• E)​Sales taxes and excise taxes are terms for the same levy.

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Definitions:

Elimination

A chemical reaction in which two atoms or groups are removed from a molecule, typically resulting in the formation of a double bond.

Organic Product

A substance that has been derived from living matter, or chemically synthesized to mimic compounds produced by living organisms.

Alkyl Halides

Organic compounds containing a halogen atom (F, Cl, Br, I) attached to an alkyl group, widely used in organic synthesis and as solvents or reactants.

Sodium Methoxide

A chemical compound with the formula CH3ONa, used as a strong base and nucleophile in organic synthesis.