Asked by
Culumanco Tshobonga
on Nov 11, 2024
Verified
The excise tax on gasoline is based on the ability-to-pay principle of taxation.
Excise Tax
A tax on the production, sale, or consumption of a particular good or service.
Ability-To-Pay Principle
A tax principle that suggests taxes should be levied according to an individual's or entity's ability to pay, typically measured by income or wealth.
- Acquire understanding of taxation principles and their application to government funding.
Verified Answer
WR
Learning Objectives
- Acquire understanding of taxation principles and their application to government funding.
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