VAT and Pricing Quiz
Authored by Lazzy Masunda
Business
10th Grade
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Rent paid on an building for domestic use is:
Standard rated
Zero-rated
VAT exempted
Both zero-rated and VAT exempted
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
White bread is:
Standard rated
Zero-rated
VAT exempted
Both zero-rated and VAT exempted
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Mealie rice is:
Standard rated
Zero-rated
VAT exempted
Both zero-rated and VAT exempted
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
School fees are:
Standard rated
Zero-rated
VAT exempted
Both zero-rated and VAT exempted
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Interest on loan is:
Standard rated
Zero-rated
VAT exempted
Both standard rated and zero-rated
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fruit is:
Standard rated
Zero-rated
VAT exempted
Both standard rated and VAT exempted
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If the VAT exclusive selling price is R480, what is the VAT amount?
R60
R72
R80
R108
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