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TAXATION

Authored by Dessa Sibayan

Social Studies

10th Grade

Used 1K+ times

TAXATION
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a term for when a taxing authority, usually a government, levies or imposes a tax.

Tax payers

Tax Credits

Tax rate

Taxation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Governments impose income taxes on financial income generated by all entities within their jurisdiction, including individuals and businesses.

payroll tax

consumption tax

inheritance tax

value added tax

income tax

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A type of tax levied on individuals who inherit the estate of a deceased person.

payroll tax

consumption tax

inheritance tax

value added tax

income tax

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a tax on the purchase of a good or service

payroll tax

consumption tax

inheritance tax

value added tax

income tax

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is a tax withheld by employers from each employee's salary and is paid to the government.

payroll tax

consumption tax

inheritance tax

value added tax

income tax

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is added to a product at every point on the supply chain where value is added.

payroll tax

consumption tax

inheritance tax

value added tax

income tax

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an individual or business entity that is obligated to pay taxes to a federal, state, or local government.

taxation

tax credit

taxpayers

tax rate

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