Leaving Cert Economics Fiscal Policy & the Budget Framework: In relation to the following tax

Question

In relation to the following taxes, match the tax with its appropriate explanation.
(One explanation has no match.)

| Tax            | Explanation                                            |
|----------------|-------------------------------------------------------|
| A  VAT         | 1 A tax on income.                                   |
| B  DIRT        | 2 A tax on goods imported into a country.            |
| C  PAYE        | 3 A tax on the profit made on disposal of an asset.   |
| D  Customs duty | 4 A tax on interest earned on deposits in financial institutions. |
|                | 5 A tax on purchases of goods and services.          |

In relation to the following taxes, match the tax with its appropriate explanation - Leaving Cert Economics - Question 1 - 2017

Worked Solution & Example Answer:In relation to the following taxes, match the tax with its appropriate explanation - Leaving Cert Economics - Question 1 - 2017

Match VAT with the correct explanation

Match DIRT with the correct explanation

Match PAYE with the correct explanation

Match Customs duty with the correct explanation

Join the Leaving Cert students using SimpleStudy...