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Sales tax: Quiz


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More interesting facts on Sales tax

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Question 1: ________, applied to a narrow range of products, such as gasoline or alcohol, usually imposed on the producer or wholesaler rather than the retail seller.
ExciseLand value taxDuty (economics)Tax haven

Question 2: Laws governing the tax may require it to be included in the price (tax-inclusive) or added at the point of sale (________).
Tax rateFlat taxProperty taxProgressive tax

Question 3: ________
Tax revenue as % of GDP
Tax havenGovernment budget by countryTax rates around the worldValue added tax

Question 4: A sales tax is a ________ charged at the point of purchase for certain goods and services.
Consumption taxGovernment debtProgressive taxLand value tax

Question 5: ________, in which tax is charged on all sales, thus avoiding the need for a system of resale certificates.
Tax rates around the worldFlat taxTax havenValue added tax

Question 6: The tax amount is usually calculated by applying a ________ rate to the taxable price of a sale.
Per milPercentagePercent signParts-per notation

Question 7: Norway, ________ and Sweden have the highest VATs at 25%[2][3], although reduced rates are used in some cases, as for groceries and newspaper.

Question 8: This article is part of the series:
________ and Taxation
DebtBond (finance)Financial marketFinance


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