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The government collects money from citizens through taxes. Income tax is the tax collected on wages and salaries. Inheritance tax is collected on what people inherit from others. Customs duties have to be paid on goods imported from other countries. VAT, or value-added tax, is a tax paid on most foods and services when they are bought or purchased. Companies pay corporation tax on their profits.
The government also sometimes pays out money to people in need, e.g. unemployment benefit (also known informally as the dole), disability allowances and student grants (to help pay for studying). Recipients draw a pension/unemployment benefit or are on the dole or on social security.
Ответьте на вопрос:
What is a value-added tax?
It is a tax paid on company’s profits.
It is a tax collected on wages and salaries.
It is a tax collected on what people inherit from others.
It is a tax paid on most foods and services when they are bought or purchased.
