Column 1 is a list of business terms - Leaving Cert Business - Question 5 - 2010
Question 5
Column 1 is a list of business terms. Column 2 is a list of explanations for these terms.
(One explanation has no match)
1. PAYE
2. Value Added Tax (VAT)
3. P45
4. ... show full transcript
Worked Solution & Example Answer:Column 1 is a list of business terms - Leaving Cert Business - Question 5 - 2010
Step 1
1. PAYE
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Answer
C. Tax charged on the wages earned by an employee.
Step 2
2. Value Added Tax (VAT)
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F. Tax charged on the sale of goods or services.
Step 3
3. P45
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E. This is given to an employee if he or she leaves his or her job during the tax year.
Step 4
4. Self-Assessment Income Tax
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Answer
A. Paid by a self-employed person.
Step 5
5. Deposit Interest Retention Tax (DIRT)
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Answer
B. Tax charged on interest earned on savings accounts.
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