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Question
When we buy a packet of biscuits, we pay a certain amount of tax. But the tax is actually imposed on the _________.
When we buy a packet of biscuits, we pay a certain amount of tax. But the tax is actually imposed on the _________.
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Solution
The correct option is B trader
When we buy certain goods and services, as customers, we pay a tax on them. This tax is actually imposed on the trader who sells the products. But the trader includes the tax in the final price of the item and the customer ends up paying the tax. This is called as indirect tax.
When we buy certain goods and services, as customers, we pay a tax on them. This tax is actually imposed on the trader who sells the products. But the trader includes the tax in the final price of the item and the customer ends up paying the tax. This is called as indirect tax.
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