Question
Which of the following is an earmarked tax? Select one: a. A tax that generates revenues that the government can spend for any purpose b.
Which of the following is an earmarked tax?
Select one:
a. A tax that generates revenues that the government can spend for any purpose
b. A tax that generates revenues that the government can spend only to build more National Parks
c. A tax imposed on the purchase of specific items such as liquor or cigarettes
d. A tax imposed only on individuals who earn more than $1 million annually
Which of the following is an example of an activity-based tax?
Select one:
a. A tax on business' net income
b. A gift tax on the transfer of assets by gift
c. An excise tax
d. Both a tax on business' net income and a gift tax on the transfer of assets by gift
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