A Taxpayer Has Nexus with a State for Sales and Use

question 147

True/False

A taxpayer has nexus with a state for sales and use tax purposes if it has a physical presence in the state.

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Definitions:

Increase

A situation where there is a rise in quantity, size, number, value, or intensity of a particular variable or condition.

Complementary Goods

Products or services that are used together, where the demand for one is increased when the price of the other decreases.

Demand Curve

An illustration that displays how the price of a product or service correlates with the amount people want to buy during a specific time frame.

Price

The amount in currency estimated, obligatory, or contributed as payment for something.