Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 11 (1 point) The VAT is different from a regular sales tax since it is not just charged by the retailers to the final

image text in transcribed

Question 11 (1 point) The VAT is different from a regular sales tax since it is not just charged by the retailers to the final customer but follows the entire process of making the goods and is charged any time the product is resold. True False Question 12 (1 point) Any business or seller can collect VAT from customers without registering with government. True False Question 13 (2 points) While visiting France, Ahmed purchased shoes that cost $554. The VAT rate in France is 18% and Ahmed is eligible for a VAT refund. How much will be refunded? (Round to nearest whole number) 076 085 O 454 083 0554

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Medical Audit In Primary Health Care

Authors: Martin Lawrence, Theo Schofield

1st Edition

0192622676, 978-0192622679

More Books

Students also viewed these Accounting questions

Question

Explain the causes of indiscipline.

Answered: 1 week ago