0
A sales tax on gasoline is an example of an indirect tax. This type of tax is imposed on the sale of goods and services rather than directly on income or profit. Consumers typically pay this tax at the point of purchase, and it is usually included in the price of the gasoline. Indirect taxes can be passed on to consumers, making them a common way for governments to generate revenue.
What else can I help you with?
Tax on gasoline is an example of what type of tax?
Tax on gasoline is an example of an excise tax. Excise taxes are taxes on specific goods or services that are typically included in the price of the product and paid by the consumer, rather than collected separately. The purpose of an excise tax is usually to discourage the consumption of the taxed item or to raise revenue for the government
9 percent tax on a sales is an example of what type of tax?
excise tax
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
What is the tax on .89 cents?
The tax on $0.89 depends on the sales tax rate in your location. For example, if the sales tax rate is 7%, the tax would be approximately $0.06, bringing the total to about $0.95. Be sure to check the specific sales tax rate for your area to calculate the exact amount.
Which is an example of a sales tax?
Sales taxes are a tax placed on a finished product. Sales taxes are generally exempt on raw materials or even on parts or materials that go into a product. The sales tax is owed on the finished product so that it will be at the highest amount. For instance, a company will not pay sales tax when they purchase steel to form the outside of a icebox, compressors imported to go into the icebox, the racks made in a nearby plant, or the plastic for interiors of the icebox. They are then all assembled and sold to retailers all over the country and no sales tax is paid on these sales. The final sale when you purchase it at the retail establishment is when the sales tax is calculated and paid.
Sales tax on gasoline is what kind of tax?
a sales tax on gasoline is an example of what type of tax
What type of tax is sales tax on gasoline an example of?
selective
A sales tax on gasoline is and example of what type of tax?
The United States has a progressive tax method. This means that the more your earn to more tax percentage of your income you pay. This is a dangerous type of taxation in that we are approaching a time when almost 50% of the population pay no income taxes at all.
A sales tax on gasoline is an example of what kind of tax?
The sales tax on gasoline is a fuel tax, which is labeled as a user tax. The taxes collected from gasoline purchases are remitted to the state government.
Tax on gasoline is an example of what type of tax?
Tax on gasoline is an example of an excise tax. Excise taxes are taxes on specific goods or services that are typically included in the price of the product and paid by the consumer, rather than collected separately. The purpose of an excise tax is usually to discourage the consumption of the taxed item or to raise revenue for the government
9 percent tax on a sales is an example of what type of tax?
excise tax
Does Michigan charge sales tax on gasoline?
no
What type tax is a tax on gasoline?
INDIRECT TAX
What type of tax is a tax on gasoline?
proportional
What is an example of a tax on consumption?
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
What is a example of a tax on consumption?
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
Why is a 5 percent sales tax on gasoline regressive?
This is a fixed rate (proportional) tax, not a regressive tax.
