What is the definition of sales tax?

Show Answers

A tax imposed on the retail price of goods and gathered by the sellerA tax withheld at the point of paymentA tax applied to products grown locallyA tax calculated on total sales revenue

Explanation

Option A is correct because sales tax is a levy placed on the retail price of goods and collected by the retailer. Option B refers to tax deducted at source, which is different. Option C relates to taxes on locally produced items, and option D involves tax on total sales, not specifically retail price.