5 Questions
What is the main purpose of tax according to the text?
To finance public services
Which type of tax is imposed on income when it is earned?
Direct tax
Who is responsible for submitting the tax return and paying the amount of tax due to the tax authority?
Taxpayer
What does tax accounting refer to?
Accounting for tax purposes
What is the primary concern of tax accounting?
Measuring the taxpayer's liability
Test your knowledge of the basic concepts and principles of tax accounting with this quiz. The quiz covers topics such as the definition of tax, types of taxes, and the principles of taxation.
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