Worksheets11.3 Types of Taxes
Total questions: 10
Worksheet time: 7mins
A tax in which the tax rate remains the same regardless of the amount on which the tax is imposed.
(a)
A progressive tax is based on.......?
A flat tax
Income Tax
Regressive tax
on the ability to pay
Based on the table provided what is the tax rate that the state governmnet is using on the example.
0.06%
6%
60%
None of the above
Sales tax is based on.......?
tax on material goods owned.
tax levied on the retail pruce of goods and services
tax on oil
none of the above
What tax is the main source of revenue for most local governments?
Sales Tax
property tax
FICA tax
Income Tax
What affect does tax have on business decisions. Ensure you write atleast two sentences to explain your answer.
A regressive tax is based on what assumption
The actual tax rate remains unchanged
Tax fluctuates
the actual tax rate decreases as the taxable amount increases.
None of the above answers.
A real property tax is a tax on (a)
Assessed Valuation is based on two of the following aspects.
Value of property
Value of goods and services
and tax official
None of the above
What is the current VAT % in the UAE?
15%
10%
5%
There is no VAT in the country.
