The impact of income tax Flashcards
1
Q
Income tax
A
A tax paid by an individual and company on what they earn
2
Q
Ways people can pay tax
A
SITE
PAYE
3
Q
Who pays taxes
A
All individuals who have any income earned a year in a tax year
4
Q
Why does government use taxes
A
The government uses taxes to manage and pay for the public services
