Role of Government

Role of Government

by Shauna-Kay Herah

EXAMPLES

​Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax.

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Sales tax, value-added tax, and customs duties are examples of indirect taxes.

Multiple Choice

GCT is an example of indirect tax.

• TRUE

• FALSE

Multiple Choice

Income tax is an example of INdirect tax.

• TRUE

• FALSE

Multiple Choice

Taxes affect the growth of an economy. 

• TRUE

• FALSE

Multiple Choice

Taxes are used to finance expenditure.

• TRUE

• FALSE

Multiple Choice

Capital expenditure includes wages paid to workers.

• TRUE

• FALSE