Which of the following is considered a purchase tax?

Students were enquired to answer a question at school and to express what is most important for them to succeed. The one which response stood out from the rest was practice. People who are always successful do not become successful by being born. They work hard and dedicate their lives to succeeding. If you want to complete your goals, keep this in mind! shown below some question and answer examples that you can work with to upgrade your knowledge and gain insight that will guide you to preserve your school studies.

Question:

Which of the following is considered a purchase tax?

a. income tax
b. Social Security
c. property tax
d. excise tax

Answer:

I believe the answer is: D. excise tax

.

Purchase tax refers to the tax that must be paid by the buyer whenever they purchase a certain product. One of the example would be an excise tax.

Excise tax is the tax that buyers must paid when we buy a product that create some sort of negative effect to the society or environment. Example of an excise tax would be gasoline tax.

They would possibly hopefully guide the student sort out the question by making use of the questions and answer examples. You may then have a discussion with your classmate and continue the school learning by studying the question together with each other.

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