Tax trivia

Try 20 Tax trivia questions one at a time, no sign-in needed. Harder questions and review of what you missed continue in the LoreUp app.

• Which tax must be paid every year for owning a car?Tax
• What is the rate of value-added tax in Korea?Tax
• What do we call a tax where the person who pays it and the person who really bears it are different?Tax
• What is the method of taxation that applies a higher rate as income rises?Tax
• Which tax is charged on the profit a company earns?Tax
• What do we call the taxes collected by local governments and spent on running the local area?Tax
• Which tax is paid on the income earned from work?Tax
• Which is the main tax included in the price you pay when you buy goods?Tax
• What is the main reason a state collects taxes?Tax
• Which of the following is one of the four basic duties of a citizen under the constitution of South Korea?Tax
• Taxes have nothing to do with running a country, so there is no need to collect them.Tax
• In Korea the rate of value-added tax is 10%.Tax
• Under income tax everyone pays the same amount, whether their income is large or small.Tax
• Income tax is a progressive tax, applying a higher rate as income rises.Tax
• A tax where the person who pays it and the person who really bears it are different is called an indirect tax.Tax
• Corporate tax is the tax charged on the wages an individual earns.Tax
• In Korea every tax is a national tax collected by the central government.Tax
• Under the constitution of South Korea, paying taxes is one of the duties of a citizen.Tax
• Income tax is the tax paid on the income a person earns.Tax
• The tax included in the price you pay when you buy goods is called value-added tax.Tax