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TAX QUIZ. 1. TRUE OR FALSE A tax on money that people receive from their earnings. Is VAT.

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Presentation on theme: "TAX QUIZ. 1. TRUE OR FALSE A tax on money that people receive from their earnings. Is VAT."— Presentation transcript:

1 TAX QUIZ

2 1. TRUE OR FALSE A tax on money that people receive from their earnings. Is VAT.

3 2. WHAT IS CORPORATION TAX???

4 3.TRUE OR FALSE A tax based on property set by local council and used to pay for local services. Is council tax.

5 4.TRUE OR FALSE A tax on the value of the money, property or possessions that someone leaves when they die. Is corporation tax

6 5.WHAT IS NATIONAL INSURANCE CONTRIBUTION ???

7 6.TRUE OR FALSE Tax paid on the difference in price that something is bought or sold for. Is excise duty.

8 7.WHAT IS EXCISE DUTY???

9 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.

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