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Match the characteristic to the country-specific edition

1. Support VAT Taxes ______________
2. Supports Consumption Tax ______________
3. Supports GST and PST taxes ______________
4. Has no tax items pre-configured _____________
5. Pre-defined tax tables are available for import, triggered manually _____________
A. UK
B. US
C. Japan
D. Canada
E. International

User Uppi
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1 Answer

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Final answer:

Country-specific editions differ in the types of taxes they support, with the UK supporting VAT, Japan supporting a consumption tax, and Canada having both GST and PST. The international edition does not include pre-configured taxes, while the US allows for manual import of tax tables.

Step-by-step explanation:

The task involves matching various tax characteristics to the correct country-specific edition. Each country or edition specializes in certain types of taxes that reflect its economic model and compliance with local tax laws. Here is the matching based on the given characteristics:

Support VAT Taxes - A. UK: Value Added Tax (VAT) is a form of consumption tax used in the United Kingdom.

Supports Consumption Tax - C. Japan: Japan uses a consumption tax similar to the VAT seen in many other countries.

Supports GST and PST taxes - D. Canada: Canada employs a system that includes both Goods and Services Tax (GST) and Provincial Sales Tax (PST).

Has no tax items pre-configured - E. International: The international version generally does not have country-specific taxes pre-configured.

Pre-defined tax tables are available for import, triggered manually - B. US: In the United States, such tax tables can typically be imported into accounting software manually.

Tax structures such as GST, PST, VAT, and other forms of consumption tax are essential components of a country's revenue system, and each region supports a different method of taxation.

User Olalekan Sogunle
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