1. Match the description to the type of tax, v Tax on the use of vehicles, gasoline, alcohol, cigarettes, highways, and A. Estate Tax Ihe like. B. Excise Tax - Tax on the wealth and property of a person upon death. v Tax on wages, earned interest, capital gain, and the like. C, Income Tax D. Sales Tax
1. Match the description to the type of tax, v Tax on the use of vehicles, gasoline, alcohol, cigarettes, highways, and A. Estate Tax Ihe like. B. Excise Tax - Tax on the wealth and property of a person upon death. v Tax on wages, earned interest, capital gain, and the like. C, Income Tax D. Sales Tax
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:QUESTION 1
1. Match the description to the type of tax.
v Tax on the use of vehicles, gasoline, alcohol, cigarettes, highways, and A. Estate Tax
the like.
B. Excise Tax
v Tax on the wealth and property of a person upon death.
v Tax on wages, earned interest, capital gain, and the like.
v tax on home and land ownership
v Tax on purchases of discretionary items
v Tax on items during their production as well as upon consumption
C. Income Tax
D. Sales Tax
E. Value Added (VAT) tax or Goods and Services (GST) lax
F. Property Tax
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