VAT and Taxation
VAT and Taxation Quiz
Test your knowledge on VAT and taxation with our engaging quiz! Dive deep into the nuances of Value Added Tax, VAT exempt items, and overall taxation principles.
Participate and discover:
- Essential facts about VAT
- Types of taxes and their implications
- Practical calculations related to sales and purchases
What does the acronym VAT represent?
Value Added Tax
Value Adds Tax
Values Added Tax
Value Adds Taxes
Which of the following items are VAT exempt?
Commercial rentals
Halloumi cheese
Fish Cakes
Milk
Carrots
Electric kettle
White bread
Which of the following is not a type of tax?
Education tax
Sin tax
Income tax
Capital gains
What does the government use tax for?
Dave wants to buy a TV at MAKRO. The sales representative tells him it costs R13 500 excluding VAT. Calculate the VAT amount payable.
R2025
R2250
R1890
R1809
How much will Dave pay in total?
R15525
R16020
R15750
R15309
Thabzie wants to buy a bicycle for her brother on his birthday. She saved R1 350 from her monthly allowances. The bicycle costs R1 200 excluding VAT. How much should she pay for the bicycle?
R180
R1380
R1 020
R30
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