L408 Taxes and Inflation
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8th - 9th Grade
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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who uses our tax money?
Companies such as McDonald's
The Government
Schools
None of the above
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which among the following is an indirect tax?
Corporate Income Tax
Personal Income Tax
Goods and Services Tax
All the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Gopal's dad pays a tax to the government each year based on the money he earns from his job at Infosys. What type of tax does Gopal's dad pay each year?
GST
Income Tax
Property Tax
None of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At a mall, Rajesh selected a new pair of jeans with price Rs. 1900. When Rajesh paid for his jeans, the total price was Rs.2000 because of taxes. Which type of tax did Rajesh pay?
Payroll Tax
Income Tax
Goods and Services Tax
Property Tax
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Your parents pay a tax each year of $3500 that is based on the value of your home. Which type of tax do your parents pay each year?
Payroll Tax
Sales Tax
Property Tax
Income Tax
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
At a mall, Rajesh selected a new pair of jeans with price Rs.1900. When Rajesh paid for his jeans, the total price was Rs.2000 because of taxes. He paid Rs. 100 as GST to the shopkeeper. Which type of tax did Rajesh pay?
Direct Tax
Indirect Tax
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inflation can best be defined as...
A general increase in prices.
An increase in prices of key items purchased by consumers.
The increase in the value of fiat money
The printing of too much paper money.
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