Answered

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Module 2: Lesson 1
Spark Your Learning: Which is the Better Deal/
1. Which best describes the difference between a rebate and a discount, and how is the tax
rate used to find the total cost? (Fill in the oval)

O For a rebate the tax, the tax is calculated on the full price, and the customer receives the
rebate later. For a discount, the tax is calculated on the reduced price after the discount is
applied.

O For a rebate the tax, the tax is calculated on the reduced price after the discount is
applied. For a discount, the tax is calculated on the full price, and the customer receives the
rebate later.

Sagot :

Parrain

The difference between a tax rebate and a discount is For a rebate the tax, the tax is calculated on the full price, and the customer receives the rebate later. For a discount, the tax is calculated on the reduced price after the discount is applied.

How do tax rebates and discounts differ?

A tax rebate is also known as a tax refund and the purpose of it is to pay back a tax payer when they paid more taxes than they were meant to pay. It is therefore calculated on the full amount of tax.

This is different from a tax discount which works by using the discount to reduce the amount of tax owed and then you can pay off the discounted amount as tax.

Find out more on tax rebates at https://brainly.com/question/2135349

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