The State Sales Tax Rate in Utah Is 4

question 52

Multiple Choice

The state sales tax rate in Utah is 4.75%. Find the sales tax on a dining room set that sells for $1,100.00.

• A) $1,047.75
• B) $522.50
• C) $5.23
• D) $577.50
• E) $52.25

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Definitions:

Market Penetration

The extent to which a product is recognized and bought by customers in a particular market, often used to assess a company’s success or market share.

Growth Strategy

A growth strategy refers to a plan or approach adopted by a business to expand its market presence, increase revenue, or achieve other significant growth objectives.

Market Development

A strategic business growth technique that involves selling existing products in new markets or new geographical areas.

Existing Products

Goods or services that are currently available to consumers from a business.