What is excise tax and payroll tax? I already googled it ,but I still don't understand it.

2 answers:

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Answer: Generally, excise duties have one of two purposes: to maximize revenue and to deter specific activity or the purchasing of specific goods. On all grounds, taxes such as those on electricity, alcohol and tobacco purchases are frequently 'justified'.

Explanation:

Taxes such as those on electricity, alcohol and tobacco purchases are frequently 'justified'.

NemiM [27]3 years ago

3 0

Excise taxes are taxes paid when purchases are made on a specific good, such as gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel. And a payroll tax is a tax withheld from an employee's salary by an employer who pays it to the government on their behalf. The tax is based on wages, salaries, and tips paid to employees.

Hope this help :)) good luck

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