Economics B A-Level
Taxation and benefits
What Taxation and benefits means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Taxation and benefits
Check what you remember
Read the wording for your board, then hide it and explain Taxation and benefits in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The simultaneous deduction of income tax and the withdrawal of means-tested benefits, which together can leave little or no increase in disposable income.
Topics that use Taxation and benefits
- Re-distribution of income and wealth (Pearson Edexcel A-Level)
Related terms
- Government intervention
- Incentives to work
- Income inequality
- Progressive taxation
- Relative poverty
- Wealth distribution
- Income
- Labour market participation
Using Taxation and benefits in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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