Taxes

Taxes can be ...

• Local

• Regional

• National

• All are correct

Select the incorrect answer...

• Taxes are voluntary fees

• Taxes are paid by individuals and corporations

• Taxes are enforced by the government

• Taxes finance government activities

Talking about "direct taxes" ...

• Taxpayer pays it from his own resources

• Are less predictable

• VAT (Value Addition Tax) is an example

• All are correct

Talking about "indirect taxes"...

• Value Addition Tax (VAT) is an example

• Are levied per transaction

• Taxpayer collects it from others and pays

• All are correct

Functions of taxes ...

• Fiscal function is about the State budget forming

• Stimulating is control function

• Self-investing is social function

• All are correct

Select the correct answer ...

• Tax avoidance is criminal

• Tax evasion is legal

• Tax avoidance minimizes tax liability without violation of tax rules

• Tax avoidance produces penalties

If we want more services from the Government ...

• Taxes increase

• Taxes decrease

• The Government will need less money

• All are correct

Taxes are used for ...

• All are correct

• Schools

• Hospitals

• Police

More taxes will affect to ...

• farmers

• small business

• workers

• all are correct

Classification of taxes ...

• Direct - Indirect

• Legal - Criminal

• Cheap - expensive

• All are correct