TAX REVENUE

1.  All the following answers are the functions of public finance except ___________ function.

• collection

•  allocation

•  distribution

• stabilisation

  Non- tax revenues are ____________.

• direct tax and indirect tax

• compulsory contribution imposed.

•    important resources of government

• revenues arise from other resources besides tax

One of the non-revenue receipts are fees, fines, licenses and permits.

• TRUE

• FALSE

Non-tax revenues are revenue that arises from other sources besides tax such as excise duties.

 

• TRUE

• FALSE

Which of the following is NOT a type of government revenue?

• Income tax

• Sales tax

• Subsidies

• Property tax

Which of the following is an example of indirect tax revenue?

• Property tax

• Corporate income tax

• Personal income tax

• levi

Which of the following is an example of non-tax revenue?

• Sales tax

• Property tax

• License fees

• Corporate income tax

Which of the following is an example of a non-revenue receipt?

• Corporate tax

• Dividend income

• Sales tax

• Property tax

Non-tax revenue refers to government income that is generated from sources other than taxation, such as fines, fees, licenses, and revenue from government-owned enterprises.

• TRUE

• FALSE

Non-revenue receipts are government funds obtained through taxation, including income tax, sales tax, and property tax, among others.

• TRUE

• FALSE