Please assist with the following finance problems. Provide at least 100 words.
Analyze the impact of excise taxes on gasoline.
Problem 1. Find the excise (and other taxes) on a gallon of gasoline in your home state.
Problem 2. Find the excise (and other taxes) on a gallon of gasoline in two neighboring (or nearby) states. ( INDIANA AND OHIO)
Problem 3. Calculate the difference in tax rates. Will consumers be tempted to cross state lines to buy gas?
Problem 4. Suggest an economic policy to maximize state tax revenues from the gasoline excise tax. Why do you recommend this?