What are taxes on specific goods such as cigarettes,gasoline,and alcoholic beverages called
A)sales taxes
B)excise taxes
C)social insurance taxes
D)consumption taxes

Question

Quizplus · Accepted Answer

Taxes on specific goods such as cigarettes, gasoline, and alcoholic beverages are called excise taxes. These taxes are charged as a fixed amount per unit of the goods sold and are intended to discourage the consumption of these goods. Sales taxes, on the other hand, are generally charged as a percentage of the total cost of the goods and services purchased. Social insurance taxes are levied to fund social security programs, while consumption taxes are charged on all goods and services consumed.

What Are Taxes on Specific Goods Such as Cigarettes,gasoline,and Alcoholic