What is Sales Tax?

What is Sales Tax?

Assessment

Interactive Video

Business

KG - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video tutorial explores the concept of selling items, focusing on the use of tills and understanding receipts. It introduces the concept of sales tax, explaining how it is applied in different countries, with a specific example of VAT in the UK. The tutorial provides a step-by-step guide on calculating sales tax, using a pen as an example, and discusses variations in sales tax rates and exemptions for certain items. Finally, it demonstrates the practical application of these calculations with a scenario involving shoes.

Read more

7 questions

Show all answers

1.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the teacher explain about sales tax?

Evaluate responses using AI:

OFF

2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is sales tax calculated according to the teacher?

Evaluate responses using AI:

OFF

3.

OPEN ENDED QUESTION

3 mins • 1 pt

What example did the teacher give for calculating sales tax on a £1 pen?

Evaluate responses using AI:

OFF

4.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the student's reaction to learning about sales tax?

Evaluate responses using AI:

OFF

5.

OPEN ENDED QUESTION

3 mins • 1 pt

What did the teacher say about the relationship between the value of an item and sales tax?

Evaluate responses using AI:

OFF

6.

OPEN ENDED QUESTION

3 mins • 1 pt

What items may have no sales tax according to the teacher?

Evaluate responses using AI:

OFF

7.

OPEN ENDED QUESTION

3 mins • 1 pt

How did Ahmed and the student decide to continue their selling after learning about sales tax?

Evaluate responses using AI:

OFF