Which of the following is an example of an indirect business tax?
A) Consumption tax
B) Corporate profit tax
C) Personal income tax
D) Excise tax

Question

Quizplus · Accepted Answer

An excise tax is an indirect tax, which is levied on the manufacturer or seller of a good or service. The tax is included in the price of the product, but it is ultimately paid by the consumer. Examples of excise taxes include taxes on cigarettes, gasoline, and alcohol.

Which of the Following Is an Example of an Indirect