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Angelica Ferrer
on Oct 13, 2024

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Each of the following is a direct tax except the

A) personal income tax.
B) excise tax.
C) payroll tax.
D) corporate income tax.

Direct Tax

Tax on a particular person. Most important are federal personal income tax and payroll (Social Security) tax.

Excise Tax

A tax imposed on specific goods, services, or transactions, often included in the price of products like gasoline, alcohol, and tobacco, aimed at reducing their consumption or raising revenue.

  • Comprehend the function of transfer payments and public expenditure within national economic frameworks.
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Colten EldredgeOct 18, 2024
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