Principles of taxation - Jamb Economics Past Questions and Answers

Question 26:

• JAMB 1984

Generally, property taxes?

A. Are borne entirely by landlords
B. Cannot be shifted in the long run
C. Are borne by all (renter, owner occupiers and landlords)
D. Are borne only by renters
E. Are borne by a few industrialist

Question 27:

• JAMB 1985

Which of the following is NOT among the canons of taxation as set out by Adam Smith?

A. Equality
B. Security
C. Certainty
D. Convenience
E. Economy

Question 28:

• JAMB 1985

An example of a regressive tax is?

A. The personal income tax
B. The graduated corporation income tax
C. A general sales tax
D. The inheritance tax
E. The excise tax

Question 29:

• JAMB 1985

Tax which is levied on goods manufactured, sold or used within a country is?

A. Sales tax
B. Excise tax
C. Direct tax
D. Income tax
E. Poll tax

Question 30:

• JAMB 1986

The best technical description of a progressive tax is a?

A. Tax which takes more money from the rich than from the poor
B. More equitable tax than aggressive one
C. Tax which takes a higher proportion of extra naira received as income rises
D. Tax which falls directly on those in the high income brackets