Select the correct answer.
1
Ben works as an accountant at a shipping company. While managing the financial invoices, he noticed that there was a tax that his company was
liable for. This tax related to the value that the company added to the product supplied by repackaging and shipping it. Which tax was Ben's company
liable for?
O A. GST
OB.
O C. estimated tax
O D.
sales tax
excise tax

Based on the information provided, the tax that Ben's company is liable for is the excise tax. The excise tax is a tax imposed on specific goods, such as alcohol, tobacco, or fuel, that are produced or sold within a country. In this case, Ben's company is liable for the excise tax because they are adding value to the product by repackaging and shipping it. This tax is separate from other taxes like the GST (Goods and Services Tax), estimated tax, and sales tax, which may apply to different types of transactions or goods.

Explanation:

Based on the information provided, the tax that Ben's company is liable for is the excise tax. The excise tax is a tax imposed on specific goods, such as alcohol, tobacco, or fuel, that are produced or sold within a country. In this case, Ben's company is liable for the excise tax because they are adding value to the product by repackaging and shipping it. This tax is separate from other taxes like the GST (Goods and Services Tax), estimated tax, and sales tax, which may apply to different types of transactions or goods.