The state of Oklahoma imposes a tax of $.17 per gallon on gasoline.What type of tax is this most likely to be?

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Quizplus · Accepted Answer

An excise tax is a tax on a specific good or product, such as gasoline. The fact that the tax is imposed per gallon supports the idea that it is an excise tax. General sales taxes are typically a percentage of the purchase price of most goods and services, personal property taxes are a tax on personal property, income taxes are based on income earned, and estate taxes are based on the value of a person's estate at their time of death. None of these fit the description of a tax on gasoline.

The State of Oklahoma Imposes a Tax of