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Income Tax Characteristics and Purposes Quiz
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Income Tax Characteristics and Purposes Quiz

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Questions and Answers

Which of the following is a characteristic of income tax?

  • It is a proportional tax
  • It is a fixed tax
  • It is a progressive tax (correct)
  • It is a regressive tax

    • What is the primary purpose of income tax?

  • To regulate international trade
  • To raise revenue for the government (correct)
  • To control inflation
  • To encourage saving

    • Who is responsible for paying income tax?

  • The government
  • Employers only
  • Individuals and businesses earning income (correct)
  • Self-employed individuals only

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