A tax on retail products based on a set percentage retail cost is called A) sales tax. B) excise tax. C) income tax. D) corporat

Question

dsp73

2 years ago

9

A tax on retail products based on a set percentage retail cost is called A) sales tax. B) excise tax. C) income tax. D) corporat

ion tax.

History

2 answers:

barxatty [35] · Answer 1 · 2022-06-21T13:30:06+03:00

barxatty [35]2 years ago

7 0

A sales tax I think. .

uysha [10] · Answer 2 · 2022-06-21T15:26:45+03:00

Answer:

The correct answer is A. A tax on retail products based on a set percentage retail cost is called sales tax.

Explanation:

A sales tax is a tax applied in particular in the United States and Canada. This is an indirect tax on point-of-purchase consumption for certain goods and services. This type of tax is usually calculated as a percentage of the final price to the consumer and is added to the price or is already included.