Value Added Tax -

Value Added Tax is

• Tax on food

• Tax that is added on special goods and services

• Tax that is levied on almost all goods and services

Brown bread is a (an)

• Standard rated supplyz

• zero rated supply

• exempt supply

• non allowable supply

VAT percentage in South Africa is

• 10%

• 14%

• 15%

• 28%

Calculate the VAT inclusive amount

• 75

• 434.78

• 575

Calculate the vat exclusive amount

• 127.50

• 739.13

• 977.50

Calculate the VAT Exclusive amount

• 9

• 69

• 400

Calculate the Mark-up on selling price

• 25%

• 20%

• 80%

Calculate the mark-up on cost

• 12%

• 89.29%

• 10.71%

Calculate the cost price

• 2 464.00

• 300

• 2 500