Companies pay Corporation Tax on their _____.

1. 1. production
   2. investment
   3. incomes
   4. sales

Excise Duties are taxes on _____.

1. 1. Import of commodities
   2. Export of commodities
   3. Sale of commodities
   4. Production of commodities

The standard of living in a country is represented by its _____.

1. 1. Per capita income
   2. Poverty ratio
   3. National income
   4. Unemployment rate

Debenture holders of a company are its _____.

1. 1. Directors
   2. Debtors
   3. Shareholders
   4. Creditors

A tax which is paid by the person on whom the tax is incident is called a _____.

1. 1. Rate
   2. Indirect tax
   3. Direct tax
   4. Local tax

Which of the following is not a direct tax?

1. 1. Sales tax
   2. Estate tax
   3. Wealth tax
   4. Corporation tax

Which of the following is not an indirect tax?

1. 1. Sales tax
   2. Entertainment tax
   3. Customs duties
   4. Land revenue

Which of the following is not a direct tax?

1. 1. Tax on entertainment
   2. Tax on expenditure
   3. Tax on wealth
   4. Tax on income

Which of the following is an indirect tax?

1. 1. Corporation Tax
   2. Excise Duty
   3. Wealth Tax
   4. Capital Gains Tax

A Balance Sheet is usually prepared at the end of a _____.

1. 1. period
   2. month
   3. year
   4. half year