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Match each type of tax with an example of its use.

  • Question 5c of 10 - Taxes

  • Maximum Attempts: 1
  • Question Type: Matching
  • Maximum Score: 1
  • Question: Match each type of tax with an example of its use.
  • Answers:
  1. 20% tax charged on each pack of cigarettes. Sales tax
  2. 15% charged on profits from selling commodities. Excise tax
  3. 8% charged on purchases of luxury goods. Capital gains tax

The correct answer is: Sales tax: 8% charged on purchases of luxury goods; Excise tax: 20% tax charged on each pack of cigarettes; Capital gains tax: 15% charged on profits from selling commodities.

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