5.

2 Taxation

1
P
2 3
M A R G I N A L T A X R A T E H
O Y
4 5
P V G P
6
R A T R O
7 8
O L A B T E T
P U X U A S H
O E B D X S E
R A A G B I C
T D S E U V A
9 10
I N D I R E C T T A X R E N T
O E D D T A E
11
N D R E G R E S S I V E T A X T D
A T F N X I T
L A I O A
12
T X C O R P O R A T I O N T A X
A I A
X T L
12
E X C I S E D U T Y
E
B
14
D I R E C T T A X

© Brian Titley 2012: this may be reproduced for class use solely for the purchaser’s institute