Which of the following is the best example of an excise tax?
A) A tax on all capital gains (the amount by which the value of an asset has risen between the time it was purchased and the time it was sold)
B) A tax paid by employers on income paid to workers
C) A tax collected on each gallon of gasoline sold
D) A tax that is levied on the value of land and buildings

Question

Quizplus · Accepted Answer

An excise tax is a tax on a specific good or service, such as gasoline, which is taxed per gallon sold.

Which of the Following Is the Best Example of an Excise