
Value Added Tax -
Authored by Sandile Sandile
Other
1st Grade
Used 4+ times

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9 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
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
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Brown bread is a (an)
Standard rated supplyz
zero rated supply
exempt supply
non allowable supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
VAT percentage in South Africa is
10%
14%
15%
28%
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the VAT inclusive amount
75
434.78
575
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the vat exclusive amount
127.50
739.13
977.50
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the VAT Exclusive amount
9
69
400
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the Mark-up on selling price
25%
20%
80%
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