Question

What miscellaneous tax:

In Maine, 0.49-5.81% of the first $12,000
New employers pay 2.45%.
a) Sales Tax
b) Property Tax
c) Excise Tax
d) Unemployment Tax

Answer 1

The tax in question is the unemployment tax in Maine, which charges new employers a flat rate of 2.45% on the first $12,000. This tax is different from sales, property, and excise taxes, which are other forms of state revenue.

Step-by-step explanation:

The miscellaneous tax referred to in the question is related to the percentage charged on the first $12,000 earned, which is a characteristic of unemployment tax. In Maine, unemployment tax rates for new employers are at a flat rate of 2.45%. Unemployment taxes are part of state business taxes, separate from sales tax, property tax, and excise tax.

Other examples of state taxation include sales taxes, which are a percentage of the purchase price of consumer goods, and excise taxes, which are taxes on specific goods like gasoline, tobacco, and alcohol. States also charge various fees for governmental services and may also levy taxes on personal and corporate earnings.