Purchases of Which of the Following Is Most Likely to Be

question 2

Multiple Choice

Purchases of which of the following is most likely to be taxed by a state retail sales tax?

• A) Personal services, i.e., services of a barber or beautician.
• B) Professional services, i.e., services of a lawyer or accountant.
• C) durable goods, i.e., a television set.
• D) food purchased at a grocery, i.e., a loaf of bread

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Definitions:

Asian Nations

Refers to the countries located on the Asian continent, characterized by diverse cultures, languages, and economies.

Investment Products

Financial instruments such as stocks, bonds, mutual funds, and ETFs available for investors to buy, seeking to generate returns.

Barack Obama

The 44th President of the United States, serving from 2009 to 2017, and the first African-American to hold the office.

Born

Refers to the beginning of life or existence of an individual or entity.