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TAXATION
Which terms do the following sentences define?Байланысты: Testov. zadan. po leksich. minimTAXATION
Which terms do the following sentences define?
The tax people pay on their wages and salaries is called
A capital transfer tax
B income tax
C wealth tax
A tax on wages and salaries or on company profit is a/an
A direct tax
B indirect tax
C value-added tax
A tax levied at a higher rate on higher incomes is called a
A progressive
B regressive
C wealth tax
A tax paid on property, sales transactions, imports, and so on is a/an
A direct tax
B indirect tax
C value-added tax
A tax collected at each stage of production, excluding the already-taxed costs from previous stages, is called a/an
A added-value tax
B sales tax
C value-added tax
Profits made by selling assets are generally liable to a
A capital gains tax
B capital transfer tax
C wealth tax
Gifts and inheritances over a certain value are often liable to a
A capital gains tax
B capital transfer tax
C wealth tax
The annual tax imposed on people’s fortunes is a/an
A added-value tax
B capital gains tax
C wealth tax
Making false declarations to the tax authorities is called
A fiscal policy
B tax avoidance
C tax evasion
Reducing the amount of tax you pay to a legal minimum is called
A creative accounting
B tax avoidance
C tax evasion
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