Economics Mini teacher 3.0 / 5 based on 1 rating ? EconomicsASAQA Created by: HCreated on: 17-03-13 16:53 A tax where the rich pay a larger percentage of income in tax than the poor progressive 1 of 13 A tax where the rich pay the same percentage of income in tax than the poor proportional 2 of 13 A tax where people pay exactly the same amount no matter what their income is regressive 3 of 13 The tax that brings in the most income for the government Income 4 of 13 Example of an indirect tax VAT 5 of 13 Standard rate of VAT twenty 6 of 13 What does the government spend most of its revenue on benefits 7 of 13 What is the UKs biggest employer? NHS 8 of 13 What is a tax called when it is a tax on spending indirect 9 of 13 This type of tax includes income tax, inheritance tax, and corporation tax direct 10 of 13 What type of tax is on fuel, cigarettes and alcohol? duties 11 of 13 Benefits that are given to anyone irrespective of their income universal 12 of 13 The tax that businesses have to pay corporation 13 of 13
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