Value Added Tax is
Value Added Tax -

Quiz
•
Other
•
1st Grade
•
Medium
Sandile Sandile
Used 3+ times
FREE Resource
9 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Tax on food
Tax that is added on special goods and services
Tax that is levied on almost all goods and services
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Brown bread is a (an)
Standard rated supplyz
zero rated supply
exempt supply
non allowable supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
VAT percentage in South Africa is
10%
14%
15%
28%
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the VAT inclusive amount
75
434.78
575
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the vat exclusive amount
127.50
739.13
977.50
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the VAT Exclusive amount
9
69
400
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the Mark-up on selling price
25%
20%
80%
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Calculate the mark-up on cost
12%
89.29%
10.71%
9.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Calculate the cost price
2 464.00
300
2 500
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