Taxation

Taxation

University

25 Qs

quiz-placeholder

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Taxation

Taxation

Assessment

Quiz

English

University

Practice Problem

Hard

CCSS
RI.2.1, RI.9-10.4, RL.11-12.7

+34

Standards-aligned

Created by

Sarah Williams

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 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

1 min • 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

1 min • 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

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Reducing the amount of tax you pay to a legal minimum is called :

tax avoidance

tax shelters

tax evasion

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does the term “tax shelter” mean?

delaying the payment of taxes to a later time

do not pay tax

is not declared to the tax authorities

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What are the advantages of different tax systems?

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

1 min • 1 pt

What are low tax countries called?

tax evasion

tax avoidance

tax shelters

tax havens

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