Question:
_____ taxes are based on gross earnings
_____ taxes are based on gross earnings
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Excise taxes are indirect taxes applied to the gross value of goods produced or sold.
Updated On: July 22, 2025
- Property
- Excise
- Income
- Capital gain
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The Correct Option is B
Solution and Explanation
Excise taxes are levied on the manufacture, sale, or consumption of goods and are generally based on gross earnings, not net profit.
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