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Match each type of tax with an example of its use.

  • Question 5a of 10 - Taxes

  • Maximum Attempts: 1
  • Question Type: Matching
  • Maximum Score: 2
  • Question: Match each type of tax with an example of its use.
  • Answers:
  1. 0.5% charged on the value of a home. Sales tax
  2. 5% charged on purchases of luxury goods. Excise tax
  3. 10% tax charged on each gallon of gas. Property tax

The correct answer is: Sales tax: 5% charged on purchases of luxury goods; Excise tax: 10% tax charged on each gallon of gas; Property tax: 0.5% charged on the value of a home.

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