Timmy Makes $100 Per Week as a Taxidermist

question 257

Multiple Choice

Timmy makes $100 per week as a taxidermist.He spends all this income to buy pizza and hair gel.The price of a pizza is $10 and the price of a bottle of hair gel is $4.If Timmy buys 5 bottles of hair gel,then he buys ________ pizzas.

• A) 10
• B) 4
• C) 8
• D) 20
• E) None of the above answers is correct.

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Definitions:

Excise Tax

A tax levied on specific goods, services, or transactions, often imposed on items such as gasoline, tobacco, and alcohol for revenue or to discourage consumption.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of the good supplied by producers.

Tax Subsidy

A government benefit that effectively reduces the tax that a business or individual owes.

Excise Tax

A tax imposed on specific goods, services, or transactions, typically including alcohol, tobacco, and fuel, aimed at raising government revenue or affecting consumption patterns.