3. All states impose excise taxes on gasoline. According to data from the Federal Highway Administration,...
3. All states impose excise taxes on gasoline. According to data from the Federal Highway Administration, the state of California imposes an excise tax of $0.40 per gallon of gasoline. In 2015, gasoline sales in California totaled 14.6 billion gallons. What was California’s tax revenue from the gasoline excise tax?
Homework Answers
Answer
tax revenue =total sales * per unit tax
=14.6*0.40
=5.84 billion
California’s tax revenue from the gasoline excise tax is $5.84 billion
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3. All states impose excise taxes on gasoline.
According to data from the Federal Highway Administration,...
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Hi can You help me make a summary about this short article, and
also tell me how it affects me economically as US citizen ?
As Government Shutdown Persists, Americans Feel the
Bite
Members of the Secret Service on Monday outside the White House.
Virtually every employee with the agency is required to work during
the shutdown.CreditDoug Mills/The New York Times
Image
Members of the Secret Service on Monday outside the White House.
Virtually every employee with the agency is...
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