Economics | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 28 Public

Basic Economics

Study Slideshow

Singapore's maximum income tax rate is ______%.

22%

15

For every $1 donated to charities, you get $_________ deducted from income tax.

$2.50

15

For every $1 of course fee paid, income tax will deduct $______ off your income tax.

$1

15

What percentage of income is put into CPF?

20%

15

What does CPF stand for?

Central Provident Fund

10

Which organisation in Singapore collects taxes?

Inland Revenue Authority of Singapore (IRAS)

15

How much do employers contribute to an employee's CPF? Answer in percentage.

17%

15

CPF is made up of 3 accounts, they are the Special, Medisave & the ____________ account.

ordinary

15

What is the meaning of meritocracy? Explain it in your own words.

You are rewarded based on how well you do.

20

Is Singapore a Welfare State? Yes or No?

No

10

In 2019, Singapore was ranked number _______ as the easiest place to do business.

2

10

For how many years was Singapore named as the most expensive city in the world?

5

10