Each of the following is an indirect tax except the _____ tax.

A) gasoline
B) telephone
C) corporate income
D) excise

Question

Each of the following is an indirect tax except the _____ tax.A) gasolineB) telephoneC) corporate incomeD) excise

Hannah Burdon · Accepted Answer

Final Answer : C, Explanation :  Gasoline and excise taxes are indirect taxes because they are imposed on the production or sale of certain goods and services. Telephone taxes are also indirect taxes as they are imposed on the use of telephone services. However, corporate income tax is a direct tax because it is levied on the income of corporations and is paid directly by the corporation.

Each of the following is an indirect tax except the _____ tax.

A) gasoline
B) telephone
C) corporate income
D) excise

Definitions

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Learning Objectives

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