Business Studies Multiple Choice Question – 23 June 2019

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

Which ONE of the following is a tax on the profit made by a private limited company in the UK?

Select ONE answer:

  1. Value Added Tax
  2. Distribution Tax
  3. Income Tax
  4. Corporation Tax

 

Show the workings to arrive at your answer, and explain and justify your reasons:

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple choice question is suitable for Business Studies KS4 & KS3 classes

The answer is 4

  1. VAT is a tax on sales.
  2. Distribution Tax is a tax by the Indian Government
  3. Income tax is a tax on wages/salaries.
  4. Correct – Corporation is a tax on profit.

 

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