The following is not a characteristic of a tax.
A) it is a compulsory payment
B) every tax involves a sacrifice by tax payer
C) there is a quid-pro-quo between the tax payer and the government.
D) refusal to pay tax is a punishable offence.
Correct Answer:
Verified
Q3: The basis of corporate tax is
A)total turnover
Q4: Federalism refers to a
A)relationship between the national
Q5: The objective of taxation by the Government
Q6: Which of the following is not a
Q7: Transfer Payments include
A)old age pension
B)subsidies
C)wealth tax
D)corporate income
Q9: The following is a characteristic of indirect
Q10: Special assessment is also known as
A)tax revenue
B)battement
Q11: Impact of a tax refers to
A)final money
Q12: Which factor has no role in the
Q13: Which of the following is not a
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