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Tax

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Taxation is when the _ makes citizens give them money to pay for services.

a)

company

b)

CEO

c)

Government

2.

Select THREE legal ways the government can get money.

a)

Print money

b)

Corruption

c)

Borrow money

d)

Taxation

3.

What happens if a government prints money?

a)

Inflation.

b)

It makes the most sense.

c)

They need to repay the money.

4.

What happens if a government borrows money?

a)

Inflation.

b)

It makes the most sense.

c)

They need to repay the money.

5.

What happens if a government taxes goods for money?

a)

Inflation.

b)

It makes the most sense.

c)

They need to repay the money.

6.

Does children pay taxes?

a)

No, buying taxed goods and that does NOT count as "paying taxes"

b)

Yes, we buy taxed goods and that counts as "paying taxes"

7.

Who's quote is this:

"In this world nothing can be said to be certain, except death and taxes."

a)

Benjamin Franklin

b)

Abraham Lincoln

c)

FDR

d)

Nelson Mandela

8.

THERE IS no RIGHT ANSWER:

Which one do you think is more FAIR?

a)

Everyone pays R1000 no matter how much you earn.(Whether you earn R100 000 or R10 000 000.

b)

Everyone pays 10% (the same portion) of their income.

9.

We usually pay ___ tax on bread and milk.

a)

low

b)

high

c)

extra

10.

What is tax? What does tax get used for?

4 lines