AnswersOK-Personal Financial Literacy S1 – EDGNTY-83861 26-27Fiscal Policy: TaxesQuestion 1
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Fiscal Policy: Taxes

Question 1 • OK-Personal Financial Literacy S1 – EDGNTY-83861 26-27

How is an excise tax different from a sales tax?

Answer
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An excise tax is not deductible.
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An excise tax applies to specific products.
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An excise tax applies only to imported goods.
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An excise tax is an indirect tax.
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