11
QuizMultiple Choice

Tax Basics

Question 11 • Financial Math - MA2007

For which of the following would not expect to pay an excise tax?

Answer
A
alchoholic beverages
B
firearms
C
gasoline
D
groceries

Explanation

Excise taxes are taxes on particular goods, such as alcoholic beverages, firearms, and gasoline. Groceries are not typically subject to an excise tax, so the correct choice is groceries.

AI-written and checked against the verified answer.

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