how is an excise tax different from a sales tax?\n○ an excise tax is not deductible.\n○ an excise tax…
how is an excise tax different from a sales tax?\n○ an excise tax is not deductible.\n○ an excise tax applies to specific products.\n○ an excise tax applies only to imported goods.\n○ an excise tax is an indirect tax.
Answer
Brief Explanations:
An excise tax is levied on specific goods like gasoline or tobacco, while a sales tax is a broader - based tax on general consumption. The key difference is that an excise tax targets particular products.
Answer:
An excise tax applies to specific products.