Asked by Huong Thanh on Apr 29, 2024
Verified
A tax levied on the total amount spent in retail stores is called
A) a sales tax.
B) an excise tax.
C) a retail tax.
D) an income tax.
Sales Tax
A tax imposed by a government on sales of goods and services, typically calculated as a percentage of the sale price.
- Differentiate among various forms of taxation such as excise, payroll, income, and corporate taxes.
Verified Answer
ZK
Zybrea KnightMay 06, 2024
Final Answer :
A
Explanation :
A sales tax is a tax imposed on sales of goods and services, typically at the point of purchase in retail stores.
Learning Objectives
- Differentiate among various forms of taxation such as excise, payroll, income, and corporate taxes.