VAT (Leaving Cert Mathematics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What type of tax is VAT?
What type of tax is VAT?
Indirect tax
Who ultimately bears the cost of VAT?
Who ultimately bears the cost of VAT?
The end consumer
If VAT is 13.5%, what total percentage is paid including the original cost?
If VAT is 13.5%, what total percentage is paid including the original cost?
113.5%
A bicycle costs €215.65 with 13.5% VAT. What was the original cost?
A bicycle costs €215.65 with 13.5% VAT. What was the original cost?
€190
To find original cost from €215.65 at 113.5%, what do you divide by?
To find original cost from €215.65 at 113.5%, what do you divide by?
113.5
Shoes cost €48 with VAT, €40 without. What is the VAT rate?
Shoes cost €48 with VAT, €40 without. What is the VAT rate?
20%
What formula finds VAT rate from two prices?
What formula finds VAT rate from two prices?
In VAT calculations, what does 100% represent?
In VAT calculations, what does 100% represent?
Original cost before VAT
At what stages is VAT imposed?
At what stages is VAT imposed?
Where value is added
What is VAT imposed on?
What is VAT imposed on?
Consumption of goods and services