Taxation MCQs Quiz Test Questions with Answers

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Taxation MCQs Questions and Answers. Taxation Multiple Choice Questions (MCQs) Test with Answers.

Taxation MCQs

Q. A tax that takes a larger percentage from high-income earners than it does from low-income earners is called
(A) proportional tax
(B) progressive tax
(C) regressive tax
(D) suppressive tax

The answer is: (B) progressive tax

Q. Which from the following is NOT an indirect type of tax?
(A) Income Tax
(B) Sales Tax
(C) Custom Tax
(D) Federal Excise Duty

The answer is: (A) Income Tax

Q. Income tax is levied generally on the
(A) net income
(B) gross income
(C) gross income − net income
(D) any from the above

The answer is: (A) net income

Taxation MCQs