Match Each of the Following Items with the Appropriate Description

question 32

Multiple Choice

Match each of the following items with the appropriate description in determining whether sales/use tax typically must be collected.
-Prescription drugs and medicines purchased by a consumer.

• A)Taxable
• B)Not taxable

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Definitions:

Principal

In law, a principal can refer to a party who grants authority to an agent to act in their stead; in finance, it can refer to the original amount of money invested or loaned, before any interest.

Unauthorized Signatures

Signatures made without the express permission or authority of the individual or entity purported to have signed, often leading to legal disputes.

Agency Authority

The legal capacity granted to an agent to act on behalf of someone else, allowing them to enter into contracts and make decisions.

Forgeries

The fraudulent making or alteration of a document with the intent to deceive or harm.