Taxation and Compliance Quiz
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Questions and Answers

What is the primary purpose of taxation?

  • To burden taxpayers with financial charges
  • To collectively fund government spending and public expenditures (correct)
  • To regulate and reduce negative externalities
  • To impose compulsory levies on individuals

    • What are the two main types of taxes mentioned in the text?

  • Property and estate taxes
  • Corporate and capital gains taxes
  • Direct and indirect taxes (correct)
  • Income and sales taxes

    • How are most scale taxes structured?

  • Proportional to the total annual income
  • Flat percentage rate of taxation on personal annual income
  • Progressive based on brackets of annual income amounts (correct)
  • Regressive based on brackets of annual income amounts

    • When did the first known taxation take place?

    <p>Around 3000–2800 BC in Ancient Egypt</p> Signup and view all the answers

    What is tax compliance referring to?

    <p>Policy actions and individual behavior aimed at ensuring correct tax payment</p> Signup and view all the answers

    What is the CA Intermediate formerly known as?

    <p>CA IPCC</p> Signup and view all the answers

    What is the eligibility requirement for the CA Intermediate exam?

    <p>Clear the CA Foundation</p> Signup and view all the answers

    What is the CA course divided into?

    <p>Three main levels</p> Signup and view all the answers

    What is the CA Intermediate considered as?

    <p>One of the brightest career options after 12th grade</p> Signup and view all the answers

    How many groups does the CA Intermediate consist of?

    <p>Two groups</p> Signup and view all the answers

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