In the Following Product Trees the Low Level Code of Item

question 18

Multiple Choice

In the following product trees the low level code of item D is:

• A) 0
• B) 1
• C) 2
• D) 3
• E) 4

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Definitions:

Sales Tax

A tax imposed by governments on the sale of goods and services, added to the retail price.

Tax Freedom Day

The day of the year when a nation as a whole has theoretically earned enough income to pay its taxes for the year.

Property Tax

A tax on the value of property (capital, land, stocks and bonds, and other assets) owned by firms and households.

Lotteries

A form of gambling that involves the drawing of numbers at random for a prize, often used by governments and organizations as a means of raising funds.