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What is the difference between excise tax, sales tax and use tax? ___a_____ is restricted to a particular transaction while ______b___ tax covers a multitude
What is the difference between excise tax, sales tax and use tax?
___a_____ is restricted to a particular transaction while ______b___ tax covers a multitude of transactions.
____c_____ tax is an ad valorem tax on the use, consumption, or storage of tangible property purchased outside the state but used in the state.
Indicate whether the following are examples of an excise tax (Federal or state). Select "Yes" or "No", whichever is applicable.
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