Home
My Puzzles
FAQ
Report bug
Collected Puzzles
User listed puzzles
Random Puzzle
Log In/Out

Unit 1: Topic 5: Understanding tax

Teacher: Mrs Rennie Student: ...................

Understanding tax

1Annual Budget  _____ a government policy aiming to reduce inequalities of income by increasing lower incomes and / or reducing higher incomes in some way.
2Capital gains tax  _____ a situation in which some people have much higher incomes than others.
3Corporation tax  _____ tax that is taken directly from income or wealth.
4Direct tax  _____ a tax on the increase in value of an asset, such as land or shares.
5Excise duty  _____ an outline, given by the Chancellor of the Exchequer, of planned government expenditure for the next financial year.
6Indirect tax  _____ a tax levied on the manufacture or sale of specific goods, such as tobacco and alcohol.
7Inequality of income  _____ the ideal that people should have equal opportunities and equal access to resources.
8Infrastructure  _____ a tax that is added to the price of goods and services.
9Inheritance tax  _____ a tax paid when buying property or land.
10Flat-rate tax  _____ a tax paid by businesses.
11Redistribution of income  _____ the physical and organisational structures and facilities that are needed for a society to run properly.
12Social justice  _____ tax that is charged on spending, or on goods and services (eg VAT in the UK).
13Stamp duty (or stamp duty land tax)  _____ tax that is the same proportion at all levels of income.
14Value added tax (VAT)  _____ a tax levied on the value of property, or money, bequeathed after death or given as a gift.
15Variable tax  _____ tax that varies in level depending on income, ie a greater proportion of tax is taken from higher incomes and a lower proportion from lower incomes.

Use the "Printable HTML" button to get a clean page, in either HTML or PDF, that you can use your browser's print button to print. This page won't have buttons or ads, just your puzzle. The PDF format allows the web site to know how large a printer page is, and the fonts are scaled to fill the page. The PDF takes awhile to generate. Don't panic!




Google
 
Web armoredpenguin.com

Copyright information Privacy information Contact us