What was california tax revenue from the gasoline excise tax

Assignment Help Taxation
Reference no: EM13506411

All states impose excise taxes on gasoline. According to data from the Federal Highway Administration, the state of California imposes an excise tax of $0.18 per gallon of gasoline. In 2005, gasoline sales in California totaled 15.6 billion gallons. What was California's tax revenue from the gasoline excise tax? If California doubled the excise tax, would tax revenue double? Why or why not?

Reference no: EM13506411

Questions Cloud

About each subculture its values and interest : Identify 3 different subcultures in the United States. Write a few sentences about each subculture, its values and interest.
The gathering of the information by team of core : Describe some likely instances that demonstrate when the gathering of the information by team of core software developers who focus on bitcoin were working to fix the problem Use citations to support your arguments about how some action or resu..
Concerning the transition to a service economy, : Students are asked to combine what they have learned during the first half of the semester (specifically concerning the transition to a service economy, the changing nature of work, the precarious nature of low wage service sector jobs, unions, wo..
Find how much energy does it now store : An ideal air-filled parallel-plate capacitor has round plates and carries a fixed amount of equal but opposite charge on its plates. how much energy does it now store
What was california tax revenue from the gasoline excise tax : What was California's tax revenue from the gasoline excise tax? If California doubled the excise tax, would tax revenue double? Why or why not?
Ascribed status to role strain : Provide a detailed description of the concept of status and role. You need to examine all facets of the idea from ascribed status to role strain. Show an understanding of the meaning of social institution and how status and role guides behavior.
Explain arsenic acid h3aso4 is a triprotic acid : Arsenic acid (H3AsO4) is a triprotic acid with a Ka1=5E-3 Ka2=8E-8 and Ka3=6E-10. calculate [H+], [OH-], [H3AsO4], [H2AsO4-][HAsO4 2-], and [AsO4 3-] in a 0.20 M arsenic acid solution.
Explain what is the hs- of the solution : What is the [HS-] of the solution. If 0.01 M of each of the following ions is in the solution,which will form a precipitate
Sociological perspective : The sociological perspective (imagination) provides a specific view of thw world. Briefly describe this perspective ans its core assumptions.

Reviews

Write a Review

Taxation Questions & Answers

  Q in may 2011 french real estate company issued convertible

q. in may 2011 french real estate company issued convertible bonds with a net face value of 480 million. each 1000 bond

  Determine the assessable profits of kwong fai co. ltd

Except for $2,000 which was used for purchase of raffle tickets, the others were made to various approved charitable organizations without consideration. The raffle tickets were used for lucky draw by the general staff during the annual dinner.

  The rowdy fun is a limited partnership and was formed on

the rowdy fun is a limited partnership and was formed on june 1 2005 by thomas kyle its general partner and two other

  Leland manufacturing uses 10 units of part kj37 every month

leland manufacturing uses 10 units of part kj37 every month in the production of radar equipment. the accountant says

  Calculate their taxable income and tax liability.

Calculate their taxable income and tax liability.

  Prepare a memo to the md

Prepare a memo to the MD that explains the following Minimize income tax and Minimize capital gains tax - Minimize estate tax

  Calculate johnsons expense deduction using the 2011

Calculate Johnsons expense deduction using the 2011 Form 2106 (Employee Business Expenses) based on actual automobile expenses and other employee business expenses.

  Advise jb of its fbt consequences

Advise JB of its FBT consequences arising out of the above information, including calculation of any FBT liability, for the year ending 31 March 2011.

  Advise bunny of its gst consequences arising

Advise Bunny of its GST consequences arising from the above information.

  Explain what the collective impact

Explain why we use these three requirements. (Hint: discuss how the relevant accounts, and the corresponding accounts, for each of the three requirements effect aspects of the Balance Sheet and Income Statement, in terms of overstatements or under..

  Determine the days sales uncollected for both companies

Determine the days sales uncollected for both companies as of the end of the present period. Which company is doing a better job in managing the collection of its receivables?

  Question 1wedge corporation uses a discount rate of 14 and

question 1wedge corporation uses a discount rate of 14 and has a tax rate of 30. the subsequent cash flows occur in the

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd