A VAT (Value Added Tax)

question 55

Multiple Choice

A VAT (value added tax) :

• A) Is regressive in its effect.
• B) Has not proved popular outside of the U.S.
• C) Is not a tax on consumption.
• D) Is used exclusively by third world (less developed) countries.
• E) None of these.

Graph systems of linear inequalities in two variables.

Analyze the collinearity of points in the coordinate plane.

Calculate areas of geometric shapes using coordinates.

Understand and graph systems of linear inequalities.

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Definitions:

Account

A record or statement of financial transactions pertaining to an individual, business, or other entity.

Invoice

A document issued by a seller to a buyer that outlines the goods or services sold, their prices, and the payment terms.

Outstanding Balance

The amount of money owed that remains in a borrower's account, excluding interest and fees, that has not yet been paid.

Invoice

A document issued by a seller to a buyer, indicating items sold, prices, date of shipment, delivery and payment terms.