Taxation

Taxation

University

20 Qs

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Taxation

Taxation

Assessment

Quiz

English

University

Practice Problem

Hard

Created by

Linh Khánh

Used 21+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is taxation?

A way to delay the payment of tax to a later time

The tax people pay on their wages and salaries

A compulsory fee that individuals or corporations must pay to the government

2.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What is the main function of taxation?

To raise revenue to finance government expenditure

To economic growth, high employment, and low inflation

Can help one understand human thought and behavior

3.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What term is this definition of?

"To dissuade people from consuming some non-essential goods and services."

taxation

perks

excise tax

corporate income tax

4.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

........: something which discourages an action

5.

FILL IN THE BLANK QUESTION

20 sec • 1 pt

..........: encourages capital invesment with methods of accelerated depreciation accounting.

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

What are the advantages of different tax systems?

A progressive tax is designed to redistribute wealth and income

To ensure social equality, reduce the gap between the rich and the poor

Both A and B

7.

MULTIPLE CHOICE QUESTION

20 sec • Ungraded

True or False?

1. A progressive tax is always low, which discourages people from working and investing

2. A regressive tax is fair

3. Business profits are generally taxed twice

1. T

2. T

3. T

1. F

2. F

3. T

1. T

2. F

3. F

1. F

2. T

3. T

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