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REVISION QUESTIONS
CSEC PRINCIPLES OF BUSINESS
TAXATION
rm accounts ed 2013@ram reserved
Thanks to the
peopleschoiceonline.wordpress
rm accounts ed 2013@ram reserved
Question 1
WHAT IS A TAX?
rm accounts ed 2013@ram reserved
Question 2
Why do governments levy taxes?
[give at least THREE reasons]
rm accounts ed 2013@ram reserved
Question 3
Identify the TWO ways in which
taxes may be levied.
rm accounts ed 2013@ram reserved
Question 4
Name the different types (forms) of
taxes that constitute a tax system.
rm accounts ed 2013@ram reserved
Question 5
List at least THREE
characteristics of a good tax or
tax system.
rm accounts ed 2013@ram reserved
Question 6
Identify the category of tax whose burden is
only borne by the citizens of that country.
rm accounts ed 2013@ram reserved
Question 7
Identify the category of tax whose burden is borne by all
residents and visitors of that country.
rm accounts ed 2013@ram reserved
Question 8
What is meant by the phrase “levy
taxes”?
rm accounts ed 2013@ram reserved
Question 9
Explain how direct taxes differ
from indirect taxes.
rm accounts ed 2013@ram reserved
Question 10
Discuss the intent of a regressive tax; and
compare it with that of a progressive tax.
rm accounts ed 2013@ram reserved
Question 11
DIRECT
TAXATION
INDIRECT
TAXATION
Value Added Tax
Income Tax
Customs & Excise
Land Tax
Corporation
Categorize the following taxes
rm accounts ed 2013@ram reserved
Question 12
Suggest THREE reasons why the people (citizens) become
fearful when the government seeks to raise taxes or impose new
ones.
rm accounts ed 2013@ram reserved

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Taxation q