What is sales tax_____________? – McqOptions

MCQOPTIONS

1.	What is sales tax_____________?
A.	Levied on the retail price of merchandise and collected by retailer
B.	Tax deducted at source
C.	Tax on local produce
D.	Tax on gross sale
Answer» B. Tax deducted at source

Discussion

No Comment Found

Related MCQs

Which of the following terms refers to income that is saved and not invested ?
Which of the following would cause income to become more unequal ?
Which of the following would increase national income ?
Which property the paper money does not process ?
Which situation will a country face, if the birth rate falls sharply, while the death rate remains unchanged ?
Which statistical factor is used to convert current currency purchasing power into inflation adjusted purchasing power ?
Which term is used for a bank account which can be operated at will ?
Which term is used for a country’s holdings of intentionally acceptable means of payment ?
Which term is used for an addition to normal payment by a company or extra payment of gratuity to workers ?
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?