Tax levied on production of specific product on quantity of product purchased ?
Correct answer: D. Excise tax
- A. Sales tax
- B. All
- C. Income tax
- D. Excise tax
Explanation
An excise tax is imposed on particular goods, often according to the quantity produced or purchased, such as fuel, tobacco, or alcohol. Sales tax is generally charged on sales more broadly, while income tax is charged on earnings.
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