Excise tax a+
An excise tax or sales tax is calculated on a per-item basis
The tax calculated on a per item basis is typically sales tax. This tax is applied to the sale of goods and services, where a specific percentage is added to the price of each item sold. The rate may vary by jurisdiction and can depend on the type of item being sold. Sales tax is collected by the seller at the point of sale and remitted to the government.
indirect tax A+
The type of tax calculated on a per-item basis is typically a sales tax. This tax is applied to the sale of goods and services, where a specific percentage is charged on each item sold. The rate may vary depending on the jurisdiction and the type of product. Another example of per-item taxation is excise tax, which is often levied on specific goods like alcohol, tobacco, or gasoline.
it is an indirect tax
Excise tax a+
An excise tax or sales tax is calculated on a per-item basis
An excise tax or sales tax is calculated on a per-item basis
The tax calculated on a per item basis is typically sales tax. This tax is applied to the sale of goods and services, where a specific percentage is added to the price of each item sold. The rate may vary by jurisdiction and can depend on the type of item being sold. Sales tax is collected by the seller at the point of sale and remitted to the government.
indirect tax A+
The type of tax calculated on a per-item basis is typically a sales tax. This tax is applied to the sale of goods and services, where a specific percentage is charged on each item sold. The rate may vary depending on the jurisdiction and the type of product. Another example of per-item taxation is excise tax, which is often levied on specific goods like alcohol, tobacco, or gasoline.
An indirect tax is originally paid by the consumer. For instance, when you pay sales tax on an item at the store, the tax is submitted by the store, but was originally paid by you.
it is an indirect tax
indirect tax
net indirect tax = tax - subsidies
excise taxA+
One example of indirect tax is Income Tax.