Presentation
Sales Tax Knowledge Quiz
Test your knowledge of sales tax and related taxation concepts with our engaging quiz! Whether you're a student, teacher, or just curious about taxes, this quiz will help you understand key concepts that affect businesses and consumers alike.
- 10 Multiple Choice Questions
- Learn about sales tax, capital gains, VAT, and more
- Ideal for those looking to boost their financial literacy
Sales tax can be referred to as.....
Consumption tax
Excise tax
Property tax
Which of the following statement is true
Sales tax is standardized as as individual states have the same rates
Sales tax is not standardized and rates generally vary depending on the product
Sales tax is a direct tax
The tax which is levied against any profits from the sale of an asset which was sold for more than it was bought is called:
Sales tax
Capital gain tax
Property tax
Value Added tax
A tax based on the value of an asset is called:
Sales tax
Capital gain tax
Property tax
Value Added tax
"per annum" is not an English term, it is borrowed from
Chinese
Latin
Indian
French
A tax on goods coming into or out of a country is called
Sales tax
Value Added Tax
Tariff
Regressive Tax
The activity of selling goods in large amounts to businesses which then sell on to the public is referred to as
Wholesale
Retail
Agent
Which of the following statement about VAT is correct?
VAT is not a consumption tax
VAT is an direct tax
VAT is an indirect tax, the cost of which ultimately falls on the consumer
VAT is an indirect tax, the cost of which ultimately falls on the seller
A tax placed on goods coming into one country from another is
Import Duty
Export Duty
Domestic Duty
Which of the following statement about income tax is correct?
A person making lower income pays same amount of income tax as person making higher income
People are taxed on net income, companies are taxed on gross income
It taxes the financial income of individuals and companies
{"name":"Presentation", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"Test your knowledge of sales tax and related taxation concepts with our engaging quiz! Whether you're a student, teacher, or just curious about taxes, this quiz will help you understand key concepts that affect businesses and consumers alike.10 Multiple Choice QuestionsLearn about sales tax, capital gains, VAT, and moreIdeal for those looking to boost their financial literacy","img":"https:/images/course2.png"}
More Quizzes
Understanding Direct and Indirect Taxes
848
Tax and its importance
7469
How well do we know Fionnuala?
1059
Tag Testen her - er du for sexglad?
9413
Can You Ace the Drake and Josh Trivia?
201054690
India States: Test Your Knowledge of Famous States
201073225
Can You Name Every Måneskin Member? Take the!
201029781
What Dog Is Right for Me: Find Your Ideal Service Dog
201026824
Musical Informatics
15825142
Mutation Questions: Master Genetic Mutation Types
201024922
Ultimate Thomas Edison Trivia - Test Your Knowledge
201029781
Think You Know Boy Band Trivia? Take the Now!
201038371