Revision - 8/10/2024

A tax which has an increasing rate for higher income brackets is called a ____________ tax.

• progressive

• flat

• regressive

• wealth

Pick the words which don't match the following combination:
_______ tax

• income

• lawyer

• capital gains

• return

Keynesians believe government spending should be increased during....

• a growth phase

• a crisis

• a lunch break

• a revolution

A jurisdiction used to avoid paying tax in other jurisdictions is often referred to as a....

• taxation haven

• tax haven

• taxation shelter

• tax shelter

Which type of tax is applied uniformly regardless of income level?

• progressive

• flat

• regressive

• income

What is the term for a financial strategy that legally minimizes tax liabilities?

• tax evasion

• tax avoidance

• tax planning

• tax fraud

A tax imposed on the import of goods or services is usually referred to as a ....

A ____________ is a network of interconnected parts that produce and distribute finished products to customers.

Words that have a similar meaning to "retailer" include...

• vendor

• customer

• wholesaler

• purchaser

A document which transfers ownership of goods from one person to another is called a...

• shipping bill

• invoice

• receipt

• bill of sale