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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
- Which of the following is NOT a direct tax?
- General Sales Tax (GST) is charged on
- Which of the following is/are considered as “Good(s)”?
- Selling Price is equal to
- Which of the following is NOT an indirect type of tax?
- Capital Value Tax is levied on transaction of
- A tax that takes a larger percentage from high-income earners than it does from low-income earners is called
- Income tax is levied generally on the
- Taxation MCQs Quiz Test Questions with Answers