Economics 0455 · IGCSE · Fiscal policy

Fiscal policy — practice question

A worker receives $60000 each year and pays $25\% income tax. He spent $2000 on furniture and $5000 on a computer, and he paid $20\% sales tax on each. How much indirect tax did he pay?

  • A$1000
  • B$1400
  • C$15000
  • D$16400

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