Which tax is which

Exercise and reference answers

Questions

1. Question

   Tax added on top of the bill

   Choices

   1. VAT
   2. Discount
   3. Sales tax

   Correct choice

   Sales tax

2. Question

   Tax already inside the price

   Choices

   1. VAT
   2. Rebate
   3. Sales tax

   Correct choice

   VAT

3. Question

   Levied in India since July 2017

   Choices

   1. Octroi
   2. GST
   3. Toll

   Correct choice

   GST

4. Question

   Bill amount equals cost plus

   Choices

   1. discount
   2. profit
   3. sales tax

   Correct choice

   sales tax

Instructions

Pick the right answer before the next one arrives.

Explanation