Taxes applied to non-income items,such as value-added taxes,excise taxes,tariffs,and so on are referred to as ________.

Question

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Indirect taxes are those that are levied on goods and services rather than directly on income. This includes value-added taxes, excise taxes, tariffs, etc. Direct taxes, on the other hand, are taxes on income, property, or assets. Choice A, C, D, and E do not accurately describe taxes applied to non-income items.

Taxes Applied to Non-Income Items,such as Value-Added Taxes,excise Taxes,tariffs,and So