Multiple choice

Which of the following taxes can be charged from the consumer by the retailer and later paid to the government?

  1. Municipal tax

  2. Sales tax

  3. Capital gains tax

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It is sales tax. The sales tax is charged at the point of sale and purchase of a product. The retailer collects the tax from customer and later pays to the government.

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