Which of the following is considered a purchase tax?

a. income tax

b. Social Security

c. property tax

d. excise tax

Question

Business

Harrington

8 October, 06:39

Which of the following is considered a purchase tax?

a. income tax

b. Social Security

c. property tax

d. excise tax

+2

Answers (2)

Know the Answer?

Benjamin Sawyer · Answer 1

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.

Mo · Answer 2

The option that is considered to be a purchase tax is property tax. If you buy property, that means that you purchased it, and that you need to pay tax for it.

Which of the following is considered a purchase tax?a. income taxb. Social Securityc. property taxd. excise tax

Which of the following is considered a purchase tax?

a. income tax

b. Social Security

c. property tax

d. excise tax