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12 questions
Which of the following is NOT a responsibility of the government?
Job security
Protection and general welfare of citizens
Maintenance of a safe environment for investors
Direct taxation
All the following are governmental and environmental issues EXCEPT
green technology
security of state
reforestation
zoning
An example of green technology is
greenhouse gases
deforestation
hydropower
zoning laws
An ad valorem tax is based on:
a set amount per item
a contribution with each wage payment
a percentage of the value of a product
the profits of a business
Deforestation is
the planting of trees
the clearing of trees
a process of replacing trees with flowers
an example of corporate tax
Which of the following is not taxed at source?
purchase tax
income tax
corporate tax
capital gains tax
A _______ is a compulsory payment levied on individuals and businesses by the government.
Under this system all tax payers pay the same percentage of their income as tax to the government.
Progressive
Regressive
GCT
Proportional
Which of the following is not a example of indirect taxation?
Value Added Tax
Purchase tax
Customs Duties
Stamp duties
All are purposes of taxation EXCEPT:
to increase unemployment
to influence the consumption of goods or services considered to be harmful
to achieve greater equality
to provide income for the government
Providing sickness benefits, funeral grants, unemployment benefits and old age pension are examples of which social service?
Education
NIS
Transportation
Health care
A government would use subsidies to:
build cheap factories
increase the cost of imported goods
redistribute income
reduce the cost of home-produced goods
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