What is called the tax that is levied on retail price of merchandise collected by retailer ?

Related Mcqs:

1. The differences between a country’s merchandise exports and its merchandise imports is the ?

   A. balance of payments
   B. capital account
   C. current account
   D. balance of trade

2. From the sale of capital assets tax is levied on profits. What this tax is called ?

   A. Profit tax
   B. Capital gains tax
   C. Excise duty
   D. Capital tax

3. The type of trade promotion discount in which manufacturers agree to reduce the price to the retailer in exchange for the retailer’s agreement to feature the manufacturer’s products is some way is called a(n) ?

   A. discount
   B. allowance
   C. premium
   D. rebate

4. The graph that shows the relationship between the size of a tax and the tax revenue collected by the government is known as a ?

   A. none of these answers
   B. Reagan curve
   C. Keynesian curve
   D. Laffer curve
   E. Henry George curve.

5. Term a tax that is levied by a country of source on income paid, usually on dividends remitted to the home country of the firm operating in a foreign country?

   A. Wealth tax
   B. Withholding tax
   C. Income tax
   D. None of these

6. The property tax wealth tax inheritance tax and income taxes such as persona and corporate taxes are ?

   A. indirect taxes
   B. direct taxes
   C. inelastic
   D. value-added tax

7. Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

   A. Rs 50000
   B. 20%
   C. 25%
   D. Rs 10000

8. Marketers are sometimes accused of deceptive practices that lead consumers to believe they will get more value than they actually do. _____ includes practices such as falsely advertising factory of wholesale prices or a large price reduction from a phony high retail price ?

   A. Deceptive promotion
   B. Deceptive packaging
   C. Deceptive pricing
   D. Deceptive cost structure

9. Government levy tax on imports and exports What this tax is called ?

   A. Custom
   B. Exercise Duty
   C. Tariff
   D. Freight

10. A tax which is paid by the person on whom the tax is incident is called a ?

    A. Local tax
    B. Indirect tax
    C. Direct tax
    D. Rate