This quiz works best with JavaScript enabled. Home > Finance > Accounting > Taxation > Taxation – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Taxation Quiz 15 (3 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. A tax credit is subtracted from the total tax bill. A) True. B) False. Show Answer Correct Answer: A) True. 2. Which of the below are GST's advantages?Establishment of a single national marketStrengthening the 'Make in India' programLessening the burden of conformity on taxpayersIncrease in government revenueDual taxation, as well as double taxation, are eliminated.Select the appropriate answer from the choices below. A) 1, 3, 4, and 5 are the first, third, fourth, and fifth numbers. B) 2, 3, 4 & 5. C) 1, 2, 4 and 5. D) 1, 2, 3, 4 and 5. Show Answer Correct Answer: C) 1, 2, 4 and 5. 3. It is a tax withheld by employers from each employee's salary and is paid to the government. A) Value added tax. B) Income tax. C) Consumption tax. D) Inheritance tax. E) Payroll tax. Show Answer Correct Answer: E) Payroll tax. ← PreviousRelated QuizzesAccounting QuizzesFinance QuizzesTaxation Quiz 1Taxation Quiz 2Taxation Quiz 3Taxation Quiz 4Taxation Quiz 5Taxation Quiz 6Taxation Quiz 7Taxation Quiz 8 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books