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    Fundamental Accounting Principles Study Set 3
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    Exam 11: Current Liabilities
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    A Combined GST and PST Rate of 12% Applied to Taxable
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A Combined GST and PST Rate of 12% Applied to Taxable

Question 7

Question 7

Multiple Choice

A combined GST and PST rate of 12% applied to taxable supplies is called:


A) Zero-rated tax.
B) Harmonized Sales Tax.
C) Input Tax Credit.
D) Combined Sales Tax.
E) None of these answers is correct.

Correct Answer:

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