Question 65

Sales tax is always calculated on the cost price of an item and is added to the value of the bill.

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Solution

False
Sales tax is always calculated on the selling price of an item and is added to the value of the bill.

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Question 65

Sales tax is always calculated on the cost price of an item and is added to the value of the bill.

Value added tax is the tax added to the marked price of an item that is being sold.

P

20

5

$ 71.40

P

Question 26

___ is charged on the sale of an item by the government and is added to the bill amount.

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