Principles of taxation - Jamb Economics Past Questions and Answers

Question 31:

• JAMB 1986

Tax incidence is the analysis of?

A. How progressive a tax is
B. How a tax is collected
C. Hw distorting a tax is
D. Who ultimately pays the tax

Question 32:

• JAMB 1987

Ad valorem tax means?

A. A certain percentage tax based on the value of the commodity
B. A certain percentage tax based on the volume of the commodity
C. A tax on the income of the consumer
D. Payment of a tax on the profits made

Question 33:

• JAMB 1987

Capital consumption allowance refers to?

A. Personal consumption expenditure
B. Indirect business taxes
C. Depreciation of capital equipment
D. Expenditure on capital equipment

Question 34:

• JAMB 1988

Which of the following is a direct tax?

A. Sales tax
B. Purchase tax
C. Export duties
D. Property tax

Question 35:

• JAMB 1988

Which of the following would most likely be considered an example of benefit taxation?

A. Excise tax
B. Corporate income tax
C. Property tax
D. Highway-user tax