MCQOPTIONS
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| 1. |
How does the consumer benefit with VAT ? |
| A. | It removes tax on tax and thus reduces prise-rise |
| B. | Reduces the cost of production |
| C. | With the abolition of the sales tax |
| D. | Due to the exemption of small businesses from the tax within certain limits prescribed by the State |
| Answer» B. Reduces the cost of production | |