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sales tax
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∙ 11y ago
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Expanded value added tax?
Expanded value added tax is a form of sales tax that is assessed on the sale of goods or services of items imported into the Philippines. It is considered a consumption tax and is currently at 12 percent.
What type of tax is the sales tax?
A sales tax is a consumption tax, usually paid by the consumer at the point of purchase. For A+ answer is regressive
What are the 3 basic features of general consumption tax?
Mi a ask u
Which tax is not considered as a direct tax?
For all my fellow students, the correct answer is SALES tax. :)
What kind tax is a sales tax?
A sales tax is a consumption or usage tax. It is also considered a regressive tax. As people earn a greater amount of money, they use less of their money on items from stores. Thus, a poor man eats a hamburger while his wife wears a Wal-Mart dress. The rich man eats steak and his wife wears a dress from Macys. The rich man has more money left over and does not spend it on something that has sales tax.
Is considered a consumption tax?
sales tax
What is a example of a tax on consumption?
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
What is an example of a tax on consumption?
An example of a tax on consumption would be a sales tax. A sales tax is a tax paid for the sales of goods and services. A consumption tax, it is a tax on something used or "consumed." A sales tax is a good example. Europe has a value added tax which is the same idea.
Expanded value added tax?
Expanded value added tax is a form of sales tax that is assessed on the sale of goods or services of items imported into the Philippines. It is considered a consumption tax and is currently at 12 percent.
What is an example of a tax of consumption?
A consumption tax is a tax on spending on goods and services. For example, if a retailer buys a shirt for $20 and sells it for $30, this tax would apply to the $10.
What is standard vat?
A value-added tax (VAT) is a form of consumption tax.
What type of tax is the sales tax?
A sales tax is a consumption tax, usually paid by the consumer at the point of purchase. For A+ answer is regressive
what is considered tax interest ?
what is considered tax interest?
Why is personality considered one of the internal factors of consumption behavior?
Personality is considered an internal factor of consumption behavior because it reflects an individual's unique characteristics, traits, and behaviors that influence their preferences, attitudes, and decision-making processes when it comes to consuming goods and services. Personality traits such as extroversion, openness, conscientiousness, and neuroticism can impact an individual's choices, brand preferences, and consumption patterns.
What will an increase in taxes on consumers most likely cause?
This depends on what type of tax it is, lump sum or marginal.Lump sum: a lump sum consumption tax would not affect the general level or composition of consumption because fixed quantities do not affect optimal consumption-savings decisions.Marginal tax: if the marginal tax increased (i.e.) a general sales tax increase), it would decrease overall consumption because the tax would be an increase in the cost of consuming, and thus encourage the consumer to save more money and consume less.
What kind of tax is paid by consumers when a product is purchased?
consumption
What type of tax is paid by the consumer when a product is purchased?
The type of tax paid by the consumer when a product is purchased is typically a sales tax. This tax is added to the total cost of the product at the point of sale and collected by the seller on behalf of the government.
