The Full Wiki

Income tax: Quiz

Advertisements
  
  
  

Did you know ...


More interesting facts on Income tax

Include this on your site/blog:
Question 1: Practices such as ________, or an offering of firstfruits, existed from ancient times, and can be regarded as a precursor of the income tax, but they lacked precision and certainly were not based on a concept of net increase.
Charitable organizationAltruismAlmsTithe

Question 2: An income tax is a ________ levied on the income of individuals or business (corporations or other legal entities).
Tax havenExciseValue added taxTax

Question 3: Taxes on wealth, social position, and ownership of the means of production (typically land and ________) were all common.
SlaveryArab slave tradeList of slavesHistory of slavery

Question 4: If the book-tax difference is carried over more than a year, it is referred to as a temporary difference, which then creates deferred tax or future assets and liabilities for the corporation, which are carried on the ________.
Balance sheetAccountancyLiability (financial accounting)Equity (finance)

Question 5: A payroll tax generally refers to two kinds of ________.
ExciseTax havenTaxIncome tax

Question 6: These corrections take one of two forms: payments to the government, for ________ who have not paid enough during the tax year; and tax refunds from the government for those who have overpaid.
TaxTax havenExciseIncome tax

Question 7: These corrections take one of two forms: payments to the government, for ________ who have not paid enough during the tax year; and tax refunds from the government for those who have overpaid.
Income taxTax havenTaxExcise

Question 8: Taxes which employers are required to withhold from ________' pay, also known as withholding, pay-as-you-earn (PAYE) or pay-as-you-go (PAYG) tax.
Wage slaveryUnemploymentFlextimeEmployment

Question 9: Various income tax systems exist, with varying degrees of ________.
TariffTax incidenceTax policyValue added tax

Question 10: This article is part of the series:
________ and Taxation
Financial marketDebtBond (finance)Finance







Advertisements









Got something to say? Make a comment.
Your name
Your email address
Message