Economics GCSE
Income Tax
What Income Tax means in Economics GCSE, as defined for AQA.
Definitions of Income Tax
Exam boards and our study guides word this term in slightly different ways. Learn the version your board uses.
Check what you remember
Read the wording for your board, then hide it and explain Income Tax in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A common deduction taken from gross pay, alongside National Insurance contributions and pension contributions.
A mandatory deduction set by the government, along with National Insurance.
Topics that use Income Tax
- The labour market (AQA GCSE)
Related terms
- Deductions
- Derived demand
- Gross pay
- Labour market
- Labour markets
- Market equilibrium
- Net pay
- Price determination
Using Income Tax 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.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics GCSE termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge