Which of the Following Is an Example of an Excise

question 81

Multiple Choice

Which of the following is an example of an excise tax?

• A)a tax on the wages that a firm pays its workers
• B)a tax on tobacco
• C)a tax on corporate profits
• D)the portion of federal income taxes earmarked to pay for Social Security and Medicare

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Definitions:

Predetermined

Established or decided in advance, not occurring by chance or without prior planning.

Salvation

Within Christian doctrine, the liberation from sin and its resulting punishments is considered to occur through belief in Christ.

Huguenots

French Protestants in the 16th and 17th centuries who faced severe persecution from the Catholic majority, leading many to flee to other countries.

African Slaves

Individuals from Africa who were forcibly taken and transported to various parts of the world, especially the Americas, to work under slavery from the 16th to the 19th century.