A value-added tax or VAT is a tax on
A)retail purchases only.
B)wholesale purchases only.
C)pollution.
D)all stages of production of a good.

Name: A value-added tax or VAT is a tax on A)retail purchases only. B)wholesale purchases only. C)pollution. D)all stages of production of a good.
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Question

Quizplus · Accepted Answer

A value-added tax (VAT) is applied to the value added at each stage in the production and distribution of a product, not just at the point of retail sale.

A Value-Added Tax or VAT Is a Tax on