ExamTopics Logo
Mail Us[email protected]
Menu
Iia Discussions
exam questions

Exam IIA-CIA-Part3 All Questions

View all questions & answers for the IIA-CIA-Part3 exam
Go to Exam

Exam IIA-CIA-Part3 topic 1 question 167 discussion

Actual exam question from IIA's IIA-CIA-Part3
Question #: 167
Topic #: 1
[All IIA-CIA-Part3 Questions]

Under a value-added taxing system:

  • A. Businesses must pay a tax only if they make a profit.
  • B. The consumer ultimately bears the cost of the tax through higher prices.
  • C. Consumer savings are discouraged.
  • D. The amount of value added is the difference between an organization's sales and its cost of goods sold.
Show Suggested Answer Hide Answer
Suggested Answer: B 🗳️
by emtofid at Feb. 25, 2025, 1:32 a.m.

Comments

Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.
Switch to a voting comment New
Submit Cancel
emtofid
2 months ago
Selected Answer: B
In a value-added tax (VAT) system, taxes are applied at each stage of production and distribution, but the final consumer ends up bearing the cost, as businesses typically pass the tax along to consumers in the form of higher prices.
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
exam
Someone Bought Contributor Access for:
SY0-701
London, 1 minute ago