Ethical Perspective means

It is the concept of considering if something is right or wrong

Social Perspective means

It looks at things from the viewpoint of society

Which of the following is a financial purpose of taxation

For the Government to have money to run the country

Financial Perspective means

It looks at things from the point of view in terms of money

Money collected by the Government

Which of the following is NOT a purpose of Taxation

So that people can be annoyed with the Goverment

Which of the following is a social purpose of Taxation

To be able to give money to those who are worse off in society

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3.5 Purposes of Taxation

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Quiz based on Learning Outcome 3.5, Purposes of Taxation for the Junior Cycle Business Studies Course

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Questions 17

Answers

1
Which of the following is an ethical reason for taxation
To look after the environment
To pay off the national debt
To have money to support business
For the Government to have money to run the country
2
Paying off the national debt is know as
Debt forfillment
Debt Payable
Debt servicing
Debt forgiveness
3
Which of the following taxes discourages people from buying products that are bad for society
Excise Duties
VAT
Carbon Tax
PAYE
4
Which of the following taxes aims to improve the environment
VAT
Excise Duties
PRSI
Carbon Tax
5
Which of the following is Legal Purpose of Taxation
To pay for infrastructure
To discourage illegal activity
To have a more equal society
To improve the standard of living for the citizens
6
Ethical Perspective means
It looks at things from the point of view in terms of money
It is a requirement under law
It is the concept of considering if something is right or wrong
It looks at things from the viewpoint of society
7
Social Perspective means
It is the concept of considering if something is right or wrong
It looks at things from the point of view in terms of money
It is a requirement under law
It looks at things from the viewpoint of society
8
Which of the following is a financial purpose of taxation
To encourage healthy habits
To have a more equal society
For the Government to have money to run the country
To look after the environment
9
It is a legal requirement to pay taxes
False
True
10
Financial Perspective means
It looks at things from the viewpoint of society
It is a requirement under law
It looks at things from the point of view in terms of money
It is the concept of considering if something is right or wrong
11
Legal Perspective means
It looks at things from the viewpoint of society
It is a requirement under law
It is the concept of considering if something is right or wrong
It looks at things from the point of view in terms of money
12
Taxation is
Money spent by the Government
Money collected by the Government
13
Which type of tax is used to provide Social Welfare Payments to those worse off in society
VRT
PRSI
PAYE
USC
14
There are different rate of VAT for goods that are deemed to be more essential
False
True
15
Which of the following is NOT a purpose of Taxation
For the Government to have money to run the country
To have a more equal society
So that people can be annoyed with the Goverment
To provide public services
16
People who earn more money pay higher income tax
False
True
17
Which of the following is a social purpose of Taxation
To look after the environment
To discourage illegal activity
To pay off the national debt
To be able to give money to those who are worse off in society

3.5 Purposes of Taxation Flashcards | StudBud