how is an excise tax different from a sales tax?\nan excise tax is not deductible.\nan excise tax applies to…
how is an excise tax different from a sales tax?\nan excise tax is not deductible.\nan excise tax applies to specific products.\nan excise tax applies only to imported goods.\nan excise tax is an indirect tax.
Answer
Brief Explanations:
Sales tax is a general - purpose tax on most goods and services. Excise tax is levied on specific products like gasoline, alcohol, and tobacco. It's not about deductibility, not only on imported goods, and both sales and excise taxes can be indirect.
Answer:
An excise tax applies to specific products.