Task 2. Which terms do the following descriptions define?
1. The tax people pay on their wages and salaries
A. capital transfer tax B. income tax C. wealth tax
2. A tax on wages and salaries or on company profits
A. direct tax B. indirect tax C. value-added tax
3. A tax levied at a higher rate on higher incomes
A. progressive tax B. regressive tax C. wealth tax
4. A tax paid on property, sales transactions, imports
A. direct tax B. indirect tax C. value-added tax
5. Profits made by selling assets are generally liable to a
A. capital gains tax B. capital transfer tax C. wealth tax
6. Gifts and inheritances over a certain value are liable to a
A. capital gains tax B. capital transfer tax C. wealth tax
7. Making false declarations to the tax authorities
A. fiscal policy B. tax avoidance C. tax evasion
8. Reducing the amount of tax you pay to a legal minimum
A. creative accounting B. tax avoidance C. tax evasion
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