TAXATION Which terms do the following sentences define?

1. 
   The tax people pay on their wages and salaries is called
   

B income tax

C wealth tax

2. 
   A tax on wages and salaries or on company profit is a/an
   

B indirect tax

C value-added tax

3. 
   A tax levied at a higher rate on higher incomes is called a
   

B regressive

C wealth tax

4. 
   A tax paid on property, sales transactions, imports, and so on is a/an
   

B indirect tax

C value-added tax

5. 
   A tax collected at each stage of production, excluding the already-taxed costs from previous stages, is called a/an
   

B sales tax

C value-added tax

6. 
   Profits made by selling assets are generally liable to a
   

B capital transfer tax

C wealth tax

7. 
   Gifts and inheritances over a certain value are often liable to a
   

B capital transfer tax

C wealth tax

8. 
   The annual tax imposed on people’s fortunes is a/an
   

B capital gains tax

C wealth tax

9. 
   Making false declarations to the tax authorities is called
   

B tax avoidance

C tax evasion

10. 
    Reducing the amount of tax you pay to a legal minimum is called
    

B tax avoidance

C tax evasion