Match Each of the Following Items with the Appropriate Description

question 20

Multiple Choice

Match each of the following items with the appropriate description in determining whether sales/use tax typically must be collected.
-Computer equipment purchased by a charity.

• A)Taxable
• B)Not taxable

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Definitions:

Trade

The act of buying, selling, or exchanging goods and services between parties within or across national borders.

Coffee

Coffee is a popular beverage made by brewing roasted and ground beans of the Coffea plant, famed for its stimulating effect due to caffeine content.

Exports

Commodities or services sent overseas from one country to another aimed at commerce or trade.

Imports

Goods and services brought into a country from abroad for sale, which can affect the domestic economy in terms of prices, jobs, and trade balances.