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Chapter 6 Matching Exercise (5 pts/match) Please match the tax type listed on the right with the descriptions provided on the left by entering the
Chapter 6 Matching Exercise (5 pts/match) Please match the tax type listed on the right with the descriptions provided on the left by entering the correct letter(a, b, c, d, or e) in the blank a. Ad Valorem Taxes Taxes levied on items that are predominantly consumed by the wealthy; Taxes that are levied to effect certain behaviors; b. Unit Taxes c. Sumptuary Taxes Taxes are justified by the notion that people, who give rise to certain government services should pay for them; Taxes that are levied as a percentage of the purchase price; d. Benefit-based Taxes Fixed tax rates applied to each unit of a commodity regardless of changes in price. e, Luxury Taxes
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