
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
Edition 7ISBN: 978-0073376301 Exercise 42
All of the following are characteristics of a value-added tax system except:
A) Value-added taxes are taxes on consumption.
B) The end user pays value-added taxes.
C) Value-added taxes are charged at each stage of product development.
D) Value-added taxes are charged only on the raw materials for product development.
A) Value-added taxes are taxes on consumption.
B) The end user pays value-added taxes.
C) Value-added taxes are charged at each stage of product development.
D) Value-added taxes are charged only on the raw materials for product development.
Explanation
It is the end user who bears the real bu...
Engineering Economy 7th Edition by Leland Blank ,Anthony Tarquin
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