Question Tag: government income

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EIB – OCT 2022 – L1 – Q8 – Government Income and Taxation

Sources of government revenue, taxation purposes, advantages, and disadvantages.

Question

(a) Name two sources of government income.(4 marks

(b) State two reasons why the government imposes taxes. ( (4 marks

(c) List two advantages of direct tax. (4( marks

(d) Give two reasons why direct taxes provide low revenue for your government. (4 marks

(e) Mention two disadvantages of indirect taxes. (4 marks

(Total marks:20

Answer

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Find Related Questions by Tags, levels, etc.

Tags: direct tax advantages, government income, indirect tax disadvantages, low revenue reasons, taxes reasons
Level: Level 1

Topic: Public Finance
Series: OCT 2022

EIB – OCT 2022 – L1 – Q8 – Government Income and Taxation

Sources of government revenue, taxation purposes, advantages, and disadvantages.

Question

(a) Name two sources of government income.(4 marks

(b) State two reasons why the government imposes taxes. ( (4 marks

(c) List two advantages of direct tax. (4( marks

(d) Give two reasons why direct taxes provide low revenue for your government. (4 marks

(e) Mention two disadvantages of indirect taxes. (4 marks

(Total marks:20

Answer

Login or create a free account to see answers

Find Related Questions by Tags, levels, etc.

Tags: direct tax advantages, government income, indirect tax disadvantages, low revenue reasons, taxes reasons
Level: Level 1

Topic: Public Finance
Series: OCT 2022

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EIB – OCT 2022 – L1 – Q8 – Government Income and Taxation

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