All categories

3 years ago

The main difference between sales and excise taxes is that:______.

Business

1 answer:

weqwewe [10]3 years ago

6 0

Answer:

Explanation:

A tax is a compulsory amount levied on the goods and services by the government or an agency of the government. Taxes increase the cost of a product

A consumption tax is a tax that is levied on those that consume goods and services rather than produce goods and services

Examples of consumption tax :

excise tax
sales tax

A sales tax is an example of consumption tax. It is levied on the sales of goods and services. It is usually levied at the point of sale. An example is the value added tax.

An excise tax is a tax levied on certain goods and services at the point of sale e.g. tobacco

Differences between excise tax and sales tax

An excise tax applies to a select list of products while a sales tax applies o a wide range of products
Excise tax is levied on a per unit basis while sales tax is levied as a percentage of purchase price

You might be interested in

Cost-push inflation is a situation in which the:

Irina18 [472]

Answer: b. short-run aggregate supply curve shifts leftward.

Explanation:

Cost Push Inflation occurs when the Aggregate Supply of Goods and Services DECREASES because of an increase in Production costs.

Companies can no longer keep producing at the previous levels they could have because the price of inputs have gone up and they are already at full capacity.

To maintain profit margins they will reduce production to cut costs.

This reduces the supply in the Market and forces the Supply curve left which leads to a higher equilibrium price all else being equal.

In the graph I attached below, you can see how the Short Run aggregate supply curve shifted to the left and took prices up as Demand remained constant.

If you need any clarification do react or comment.

6 0

3 years ago

If selected to own and operate a Delivery Service Partner, what personal and business goals would you hope to achieve by startin

Musya8 [376]

Answer:

First of all, we need to know what is a Delivery Service Partner. It's a third party delivery service, for example, for Amazon. In this business, we're gonna have a small company attached to the main one, to Amazon. Setting specific goals to provide a high-quality service.

Being a Delivery Service Partner, my main goals would be:

To hire, train and manage a high-performance team.
Create a team culture.
Focus in deliver a great costumer service.
Acquire the best technology to the company.

3 0

4 years ago

g Suppose that an employer requires 4 years of education as a precondition for the high-productivity wage. The existence of a se

Genrish500 [490]

It’s requires 5 year

8 0

3 years ago

Anson Apparel's marketing message in the United States is one of apparel for the rugged man who spends most of his time outdoors

crimeas [40]

Answer:

Customer landscape: customers' habits, values and preferences related to rugged men. Market landscape: apparel alternatives available in the Chinese market; share market distribution; competitors brand positioning.

Explanation:

The marketing message is the result of marketing strategy based on situational conditions of the company in the US, that market is different from the Chinese market so that the strategic analysis could find as a result a different message more appealing for rugged men in China.

8 0

3 years ago

on november 1, 2021, aviation training corp. borrows $60,000 cash from community savings and loan. aviation training signs a thr

Juli2301 [7.4K]

Answer:

Explanation:

Nada babosa gracias

6 0

3 years ago