PRINCIPLES OF TAXATION F/BUS.+INVEST.
PRINCIPLES OF TAXATION F/BUS.+INVEST.
22nd Edition
ISBN: 9781259917097
Author: Jones
Publisher: MCG
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Chapter 13, Problem 1IRP

State E wants to encourage the development of a local wine industry. Consequently, it decreased its excise tax rate on retail sales of locally produced wines to 3 percent. The state’s excise tax on wines produced out-of-state but sold in-state is 10 percent.

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PRINCIPLES OF TAXATION F/BUS.+INVEST.

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