Fill in the blanks with the correct terms: 1.4.1 The government of the day might decide to use (artificial/emotional intelligence) to fight crime. 1.4.2 The VAT rate is (15%/15.5%). 1.4.3 Duty imposed

here are the answers to the questions:

1.4 Choose the correct term from those in brackets:

1.4.1 The government of the day might decide to use (artificial/emotional intelligence) to fight crime.

• artificial

1.4.2 The VAT rate is (15%/15.5%).

• 15%

1.4.3 Duty imposed on personal property is referred to as (transfer duty/stamp duty).

• transfer duty

1.4.4 Excise duty is often referred to as (sin/property) tax.

• sin

1.4.5 Mining rights and licenses of various kinds are classified under (user charges/nominal levies).

• user charges

1.4.6 Levies on imported products are (transfer duties/income).

• income

1.4.7 The finance unit of each government department must provide a written (programme/motivation) report which accompanies the estimates.

• programme

1.4.8 (Corporate income tax/Personal income tax) is responsible for most of the state revenue.

• Personal income tax

1.4.9 A differentiated tax structure provides for (social responsibility/inflation) to be limited.

• social responsibility

1.4.10 A/An (exchequer/budget) is a financial statement containing estimates of income and expenditure.

• budget