Each state imposes its own excise tax on gasoline. Suppose, for example, that the state of Massachusetts imposes a state gasoline tax of $0.26 per gallon. Suppose further that an average of 1,022,000 gallons of gasoline per day were sold in Massachusetts in 2010.

Complete question :

Each state imposes its own excise tax on gasoline. Suppose, for example, that the state of Massachusetts imposes a state gasoline tax of $0.26 per gallon. Suppose further that an average of 1,022,000 gallons of gasoline per day were sold in Massachusetts in 2010. The average revenue from gasoline tax in 2010 is approximately?

$265,720

Step-by-step explanation:

Given that:

State gasoline tax = $0.26 per gallon

Average number of gasoline sold per day = 1,022,000 gallons

. From the availabke information given :

Revenue generated = gasoline tax per gallon multiplied by the average number of gallons sold

= $0.26 * 1,022,000

= $265,720