
TAXL8422 THEME 2
Authored by Muvhumbi Maanda
Social Studies
University
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14 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What are the three broad tax bases in the South African tax system?
Taxation of income, taxation of property, taxation of goods
Taxation of income, taxation of assets, taxation of securities
Taxation of income, taxation of services, taxation of capital gains
Taxation of income, taxation of consumption, taxation of wealth
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which act is the taxation of income based on in South Africa?
Income Tax Act of 2001
Customs and Excise Act
Transfer Duty Act
Estate Duty Act
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the second largest revenue raiser in South Africa?
Customs duties
General sales tax
Value-added tax
Excise duties
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the purpose of taxation in terms of revenue?
To redistribute resources
To generate sufficient revenue to assist in the financing of government activities
To discourage certain types of activities
To promote economic growth
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the main objective of taxation in terms of socio-economic aspects?
Discouragement of inflation and unemployment
Promotion of saving and investment
Encouragement of certain types of activities
Redistribution of resources
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
According to Adam Smith, what is the most widely accepted measure for equity in taxation?
Ability-to-pay
Consumption
Income
Wealth
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What does the second canon of taxation according to Adam Smith emphasize?
Cost effectiveness and efficiency
Convenience
Certainty and simplicity
Equity
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