Principles Of Taxation Jamb Economics Past Questions
Question 6
The tax levied on locally produced goods is
- A. import duty
- B. excise duty
- C. company tax
- D. value added tax
Question 7
All the following are the canons of taxation given by Adam Smith except
- A. objective
- B. economy
- C. convenience
- D. certainty
Question 8
Mr. Patrick’s income is N900 while that of Mr. Shodawe is N1,300. if Mr. Patrick and Shodawe pay N90 and N130 as taxes, the tax system is
- A. Direct
- B. Progressive
- C. Regressive
- D. Proportional
Question 9
The curve labeled III illustrate a system of taxation
- A. regressive tax
- B. progressive tax
- C. value added tax
- D. proportional tax
Question 10
The curve labeled II illustrates a system of taxation
- A. proportional tax
- B. regressive tax
- C. value added
- D. progressive tax
