Task A2.1 Types of taxes: income tax

Ever wondered what proportional, progressive and regressive taxes are? Find out what they are. See how they work.

Task A2.1 Types of taxes: income tax
Type: Quiz
Questions: 2
Attempts allowed: Unlimited
Available: Always
Pass rate: 75%
Passed:
  • Fact 2

    In 2003, New Zealand proposed an agricultural emissions research levy to be collected from livestock farmers. The tax was to be used to fund research into the livestock industry's emissions of gases.

Unearned income

Income received that is not from a personal exertion source. Bank interest and dividends are examples of unearned income.

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