Taxes paid on the purchase of most consumption goods would fall into the category of:
A) personal income tax.
B) property tax.
C) sales tax.
D) excise tax.

Question

Quizplus · Accepted Answer

Taxes paid on the purchase of most consumption goods would typically be in the form of a sales tax, which is a tax on goods and services when they are sold to the end user. Personal income tax and property tax are not paid at the point of purchase for goods, and excise taxes would only apply to specific goods or services, such as tobacco or gasoline.

Taxes Paid on the Purchase of Most Consumption Goods Would