What are taxes collected on specific products such as tobacco and gasoline called?Group of answer choicesad valorem taxincome taxluxury taxexcise tax

What are taxes collected on specific products such as tobacco and gasoline called?Group of answer choicesluxury taxexcise taxincome taxad valorem tax

The _____ percentage paid on income taxes is called the marginal tax rate.A.fixedB.incrementalC.totalD.averageSUBMITarrow_backPREVIOUS

If forty traditions have been collected on a particular topic, what is such a book called?

If a tax is physically paid by sellers, then sellers bear the full 100% burden of the tax. Group of answer choicesTrueFalse

John’s taxable income in 2022 was $80,000 and his tax was $15000. What is his effective income tax?Group of answer choices5.33%15.87%18.75%53.33%