VAT and Pricing Quiz

Rent paid on an building for domestic use is:

• Standard rated

• Zero-rated

• VAT exempted

• Both zero-rated and VAT exempted

White bread is:

• Standard rated

• Zero-rated

• VAT exempted

• Both zero-rated and VAT exempted

Mealie rice is:

• Standard rated

• Zero-rated

• VAT exempted

• Both zero-rated and VAT exempted

School fees are:

• Standard rated

• Zero-rated

• VAT exempted

• Both zero-rated and VAT exempted

Interest on loan is:

• Standard rated

• Zero-rated

• VAT exempted

• Both standard rated and zero-rated

Fruit is:

• Standard rated

• Zero-rated

• VAT exempted

• Both standard rated and VAT exempted

If the VAT exclusive selling price is R480, what is the VAT amount?

• R60

• R72

• R80

• R108

If the VAT amount is R108, what is the VAT inclusive selling price?

• R720

• R828

• R920

• R897

If the VAT inclusive selling price is R92, what is the exclusive selling price?

• R72

• R80

• R90

• R108

If the VAT exclusive selling price is R780, what is the inclusive selling price?

• R828

• R897

• R920

• R980