Chapter 16

Question 1

Tax

Answer 1

A charge made by the government on household and business on goods and services

Question 2

Reasons for tax?

Answer 2

Financial
Pay for public services
Helps encourage people to buy Irish

Social
Improve people’s health
Protect the environment

Ethical
Redistribute income

Question 3

Direct tax

Answer 3

Taxes on the income earned by a household or a business and paid directly towards the gov eg corporation and income tax

Question 4

Indirect tax

Answer 4

Taxes levied on what people spend rather what they earn eg VAT import duty

Question 5

Taxes paid by households

Answer 5

PAYE PRSI USC
VAT
Motor
DIRT
CGT

Question 6

PPSN

Answer 6

Personal public service number