Other
ECS1601 ASSIGNMENT 2 FOR 2024
- Course
- Economics IB (ECS1601)
- Institution
- University Of South Africa (Unisa)
ECS1601 ASSIGNMENT 2 FOR 2024 with two attempts
[Show more]
Content preview
ECS1601ASSIGNMENT 2 FOR 2024
FEND TUTORIALS
, Started on Friday, 26 July 2024, 10:25 AM
State Finished
Completed on Friday, 26 July 2024, 10:40 AM
Time taken 15 mins 30 secs
Grade 16.00 out of 18.00 (88.89%)
Question 1
Not yet answered
Marked out of 1.00
Flag question
Question text
Value Added Tax (VAT) is an example of which type of taxes?
a.
general tax, indirect tax and progressive tax
b.
general tax, indirect tax and regressive tax
c.
selective tax, indirect tax and regressive tax
d.
selective tax, direct tax and progressive tax
Clear my choice
Question 2
Not yet answered
Marked out of 1.00
Flag question
Question text
Tax evasion occurs when …
a.
households legally alter their behavior to avoid paying tax.
b.
people pay tax according to their ability
c.
Whatsapp Marlvin @ +2763 173 8181
, people do not pay the taxes that they are supposed to pay.
d.
taxation causes people in the same position to be taxed differently.
Question 3
Not yet answered
Marked out of 1.00
Flag question
Question text
Neutrality of taxes means that
a.
compliance and administration costs are kept as low as possible.
b.
the tax burden is spread equally amongst taxpayers.
c.
the recipients generated by a particular government expenditure should pay for the goods and
services concerned.
d.
taxes have the minimum possible effect on relative prices.
Clear my choice
Question 4
Not yet answered
Marked out of 1.00
Flag question
Question text
The following table gives the tax rates for individuals for the 2016 tax year:
2016 tax year (1 March 2015 - 29 February 2016)
Taxable income (R) Rates of tax (R)
0 - 181 900 18% of each R1
181 901 - 284 100 32 742 + 26% of the amount above 181 900
284 101 - 393 200 59 314 + 31% of the amount above 284 100
Whatsapp Marlvin @ +2763 173 8181
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller FENDTUTORIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78121 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now