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Complete the sentence below by placing one of the following options in the space. A...

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Finance

Complete the sentence below by placing one of the following options in the space. A direct tax is one that ______.

Select one:

a. Is imposed on the final consumer

b. Is levied directly on the person who is intended to pay the tax

c. An illegal way of avoiding paying taxes

d. Is passed onto another part of the economy

Complete the sentence below by placing one of the following options in the space. Tax evasion is ______.

Select one:

a. A legal way of avoiding paying taxes

b. Deferring tax payments

c. Delaying tax payments

d. An illegal way of avoiding paying taxes

An entity earns a profit of R60,000 for the year to 31 March 20X2. The entity is assessed and owes R15,000 tax for the year. Which of the following types of tax would best describe the tax due?

Select one:

a. Consumption tax

b. Capital tax

c. Wealth tax

d. Income tax

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