Question

Which of the following is considered a purchase tax?

a. income tax
b. Social Security
c. property tax
d. excise tax

Answer 1

D

Step-by-step explanation:

i got it right <3

Answer 2

I believe the answer is: D. excise tax

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Purchase tax refers to the tax that must be paid by the buyer whenever they purchase a certain product. One of the example would be an excise tax.

Excise tax is the tax that buyers must paid when we buy a product that create some sort of negative effect to the society or environment. Example of an excise tax would be gasoline tax.