Solved

Which of the Following Is True of Sales Tax

Question 39

Multiple Choice

Which of the following is true of sales tax?


A) The sales tax is the most important source of local revenue.
B) State sales tax on most retail goods is referred to as excise tax.
C) The general sales tax is set at a much higher rate than the specific sales tax.
D) State sales tax on specific items is referred to as general sales tax.
E) Every state, even those without a general sales tax, imposes selective sales taxes on some items.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents