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4 marksTaxation and Fiscal Policy

CSEC Principles of Business · January 2016 · Paper 2 · Question 6(a)(i)

Section III: Answer EITHER Question 6 OR Question 7.

State TWO differences between 'direct taxes' and 'indirect taxes'.

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Other parts of this question

  1. 6(a)(ii)List ONE example of a direct tax and ONE example of an indirect tax.[2 marks]
  2. 6(b)(i)Outline THREE reasons why governments charge taxes.[6 marks]
  3. 6(b)(ii)Identify TWO sources of government revenue, other than taxes.[2 marks]
  4. 6(c)(i)Explain why the higher income earner pays more than the lower income earner under proportional taxation.[3 marks]
  5. 6(c)(ii)Explain why the higher income earner pays more than the lower income earner under progressive taxation.[3 marks]

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