Which of the following is an example of a direct tax?
a) Sales tax
b) Value-added tax (VAT)
c) Income tax
d) Excise duty
Which of the following is an example of an indirect tax?
a) Income tax
b) Corporate tax
c) Sales tax
d) Property tax
Direct taxes are generally paid by: a) The consumer
b) The business owner
c) The government
d) The person or entity on whom the tax is levied
Which of the following is classified as an indirect tax?
a) Property tax
b) Corporate income tax
c) Value-added tax (VAT)
d) Inheritance tax
Which tax is levied on the income of individuals and businesses?
a) Sales tax
b) Income tax
c) Excise duty
d) Customs duty
Which of the following taxes is directly paid to the government by the taxpayer?
a) Excise tax
b) Sales tax
c) Income tax
d) Customs duty
Which of the following taxes is collected by an intermediary (like a retailer)?
a) Property tax
b) Corporate tax
c) Sales tax
d) Income tax
Which of the following is a common feature of indirect taxes?
a) Paid directly by the taxpayer to the government
b) Paid indirectly through the purchase of goods and services
c) Deducted from the taxpayer’s income
d) Imposed on wealth or property
Which type of tax is based on the value of property owned?
a) Income tax
b) Sales tax
c) Property tax
d) Excise duty
Which tax is imposed on goods and services during the production process?
a) Sales tax
b) Value-added tax (VAT)
c) Property tax
d) Capital gains tax
Which of the following taxes is levied on the transfer of property from a deceased person to their heirs?
a) Income tax
b) Capital gains tax
c) Estate tax
d) Sales tax
Which of the following taxes is typically paid when purchasing goods or services?
a) Income tax
b) Sales tax
c) Corporate tax
d) Capital gains tax
Which of the following is NOT a direct tax?
a) Income tax
b) Corporate tax
c) Wealth tax
d) Sales tax
What is the main characteristic of direct taxes?
a) Paid indirectly by consumers
b) Collected by intermediaries
c) Paid directly by the taxpayer to the government
d) Imposed on businesses only
Which of the following taxes is levied on the sale of goods and services in a country?
a) Property tax
b) Excise tax
c) Sales tax
d) Income tax
Which of the following is typically an example of a progressive tax?
a) Sales tax
b) Income tax
c) Excise tax
d) Tariff tax
Which of the following taxes is imposed on the sale of specific goods like tobacco or alcohol?
a) Sales tax
b) Excise tax
c) Corporate tax
d) Customs duty
Which of the following taxes is NOT an indirect tax?
a) Sales tax
b) Value-added tax (VAT)
c) Income tax
d) Excise duty
Which of the following taxes is typically considered regressive?
a) Sales tax
b) Income tax
c) Corporate tax
d) Estate tax
Which tax is levied on profits made from the sale of assets or investments?
a) Property tax
b) Capital gains tax
c) Income tax
d) Sales tax
What is the main purpose of indirect taxes?
a) To raise revenue directly from income
b) To control inflation
c) To tax individuals based on their wealth
d) To tax consumer purchases of goods and services
Which of the following taxes is imposed on the production or manufacture of goods?
a) Excise duty
b) Capital gains tax
c) Corporate tax
d) Property tax
Which of the following taxes is primarily paid on the transfer of property from one owner to another?
a) Income tax
b) Sales tax
c) Capital gains tax
d) Property transfer tax
Which of the following taxes is imposed on luxury goods or high-end services?
a) Excise tax
b) VAT
c) Sales tax
d) Luxury tax
Which of the following taxes is typically regressive in nature?
a) Income tax
b) Sales tax
c) Corporate tax
d) Property tax
Which type of tax is paid by the consumer but collected by the retailer?
a) Property tax
b) Excise duty
c) Sales tax
d) Income tax
Which of the following taxes is often seen as a method to reduce inequality in society?
a) Sales tax
b) Property tax
c) Income tax
d) Excise tax
Which of the following taxes is often imposed on the inheritance of wealth?
a) Income tax
b) Estate tax
c) Property tax
d) Sales tax
Which tax is levied on the income generated from assets such as stocks and bonds?
a) Corporate tax
b) Sales tax
c) Capital gains tax
d) Income tax
Which of the following taxes is imposed by the government on goods imported from other countries?
a) Sales tax
b) Excise duty
c) Customs duty
d) Value-added tax
