Sales and Use Tax

Sales and Use Tax

Assessment

Interactive Video

Business

University

Hard

Created by

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The video tutorial explains sales and use taxes, highlighting their importance for businesses. It covers the need for a sales tax identification number for merchants, the concept of use tax for out-of-state purchases, and the tax obligations for internet sales based on physical presence. Additionally, it discusses the applicability of sales tax on services and goods.

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3 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors determine whether a business must charge sales tax on internet sales?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How do physical presence and distribution centers affect sales tax obligations?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the relationship between sales tax and the sale of services?

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