1. TRUE OR FALSE
A tax on money that people receive from their
earnings. Is VAT.
2. WHAT IS CORPORATIO
N TAX???
3.TRUE OR FALSE
A tax based on property set by
local council and used to pay for
local services. Is council tax.
4.TRUE OR FALSE
A tax on the value of the money,
property or possessions that
someone leaves when they die. Is
corporation tax
5.WHAT IS NATIONAL
INSURANCE CONTRIBUTIO
N???
6.TRUE OR FALSE
Tax paid on the difference in price
that something is bought or sold
for. Is excise duty.
7.WHAT IS EXCISE
DUTY???
ANSWERS
1. False
2. A tax on company profits
3. True
4. False
5. A tax based on a persons weekly income that is used to
pay for benefits
6. False
7. A tax on goods such as fuel, alcohol, tobacco and betting.