# TAX and VAT

Categories: Mathematics C-10
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Unit Tax and Money Exchange

Allocated teaching periods – 7
Competency
– To solve and test the behavioral arithmetic problems on daily life activities using the mathematical instruction and logical thought.

Learning Outcome
– To collect and solve the problems of value added tax and money exchange in daily life activities.

Level-wise learning objectives

S.N.                LEVELS                                              OBJECTIVES

1.            Knowledge (K)                                 – To define value added tax
– To tell the current rate of VAT used in Nepal.
– To state the formula for finding the VAT amount when selling price and VAT rate are given.
– To relate the marked price, discount amount, VAT amount and selling price including VAT.
– To state buying/selling rate of money exchange.
– To recall revaluation and devaluation of currency.

– To describe the VAT exempted goods or services.
– To compare the price excluding and including VAT
2.              Understanding (U)                      – To find the rate of discount/VAT
– To covert the currencies of different countries.
– To find the money with commission

– To solve the problems on VAT.
3.            Application (A)                               – To find profit or loss in money exchange when devaluation/revaluation of currency is given
– To solve the real life problems based on money exchange.

– To mathematize the contextual problems on VAT and solve
4.           High Ability (HA) them.

Required Teaching Materials/ Resources
VAT bills, money exchange rates published in newspaper, chart paper, sign pen, etc.