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2.1 Introduction to the national economy

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Question 10

A household pays income tax equal to 12% of its £30,000 annual income. It also buys £5000 of goods before VAT is added at 20%. How much income tax and VAT does the household pay in total?

[1]
A

£3600

B

£4,600

C

£5000

D

£8600

Markscheme

2.1 Introduction to the national economy Questions

  1. GCSE
  2. /Economics
  3. /2.1 Introduction to the national economy

75 exam-style questions on AQA GCSE Economics 2.1 Introduction to the national economy, covering 2.1.1a What an interest rate is, 2.1.1b Interest rates and consumer decisions, 2.1.1c Interest rates, producer decisions and calculations, 2.1.2a UK government revenue and spending, and 2.1.2b Direct, indirect and progressive taxation. Each one has a worked solution and a mark scheme showing where the marks go.

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