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A tax imposed by a state or local government on retail sales of most products is

seeb1999

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A tax imposed by a state or local government on retail sales of most products is

Question 1.

Which of the following is the source of revenue for Medicare and Social Security in the United States?

• individual income taxes

• sales taxes

• social insurance taxes

• property taxes

Question 2.

A tax imposed by a state or local government on retail sales of most products is

• an excise tax.

• a social service tax.

• a consumption tax.

• a sales tax.

Textbook

Microeconomics

Edition: 7^th

Authors: Hubbard, O'Brien

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