Tax facts, true or false

Exercise and reference answers

Questions

1. Statement is true

   Yes

   Statement

   Sales tax is added to the value of the bill.

2. Statement is true

   No

   Statement

   Sales tax is paid by the government to the shop.

3. Statement is true

   Yes

   Statement

   GST stands for Goods and Services Tax.

4. Statement is true

   No

   Statement

   A price including VAT needs tax added again.

5. Statement is true

   Yes

   Statement

   VAT is included in the quoted price.

Instructions

Tap True or False for each statement.

Explanation