Which of the following is an excise tax? entitlement deductions on a paycheck sales tax on air travel disability insurance deduction on a paycheck sales tax on the purchase of a video game
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Step 1: An excise tax is a tax levied on the production, sale, or consumption of a specific good or service. Show more…
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Which of the following is NOT a possible tax or deduction that could be withdrawn from your paycheck?
Jennifer S.
Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $\$ 200 .$ With the 10 percent sales tax, his total comes to $\$ 220 .$ How much of the $\$ 220$ paid by Ralph will be counted in the national income and product accounts as private income (employee compensation, rents, interest, proprietor's income, and corporate profits)? LO25.3 a. $\$ 220$ b. S200. c. $\$ 180$ d. None of the above.
Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $$ 200 .$ With the 10 percent sales tax, his total comes to $$ 220 .$ How much of the $$ 220$ paid by Ralph will be counted in the national income and product accounts as private income (employee compensation, rents, interest, proprietor's income, and corporate profits)? a. $$ 220$ b. S200. c. $$ 180$ d. None of the above.
Md.Daniyal A.
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