Examlex

Solved

A City Levies a 2 Percent Sales Tax That Is

question 46

Multiple Choice

A city levies a 2 percent sales tax that is collected for them by the state. Sales taxes must be remitted by the merchants to the state by the 20th day of the month following the month in which the sale occurred. The state has a policy of remitting sales taxes to the city within 30 days of collection by the state. Cash received by the state related to sales taxes is as follows: A city levies a 2 percent sales tax that is collected for them by the state. Sales taxes must be remitted by the merchants to the state by the 20<sup>th</sup> day of the month following the month in which the sale occurred. The state has a policy of remitting sales taxes to the city within 30 days of collection by the state. Cash received by the state related to sales taxes is as follows:   Assuming the city uses the same period to define  available  as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its governmental fund financial statements for the fiscal year ended 12/31/17? A)  $430. B)  $530. C)  $540. D)  $550. Assuming the city uses the same period to define "available" as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its governmental fund financial statements for the fiscal year ended 12/31/17?

Identify factors contributing to marital satisfaction and the transition to parenthood.
Understand the significance of personality development and changes throughout adulthood.
Acknowledge the methodology and implications of research on sex differences in traits and abilities.
Comprehend the causes, symptoms, and neural characteristics of Alzheimer’s disease and other forms of dementia.

Definitions:

Positive Message

Communication that conveys optimistic and encouraging information, intended to motivate or uplift the audience.

Reader

An individual who reads or interprets written material.

Opening

The initial part of a document or presentation intended to capture the audience's attention and introduce the topic.

Negative Information

Data or facts that might have an adverse impact on perception or outcomes when communicated.

Related Questions