Principles of taxation - Jamb Economics Past Questions and Answers

Question 46:

• JAMB 1997

The use of legally permissible means to reduce tax liabilities is known as tax?

A. Evasion
B. Avoidance
C. Reliefs
D. Exemption

Question 47:

• JAMB 2000

An aspect of taxation that involves normative economics is the?

A. ]tax rate
B. Effect on incentive to work
C. Fairness of the tax
D. Tax burden

Question 48:

• JAMB 2001

A tax that increases at a higher percentage as income increase is called?

A. A proportion tax
B. A regressive tax
C. A progressive tax
D. An income tax

Question 49:

• JAMB 2003

A greater burden of the taxes on essential goods is borne by the

A. Lower income group
B. Higher income group
C. Contract workers
D. Newly recruited workers

Question 50:

• JAMB 2008

An example of an indirect tax is

A. Profit tax
B. Sales tax
C. Capital gain tax
D. Poll tax