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Which of the Following Statements Is True

question 93

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Which of the following statements is true?


Definitions:

Taxation

The process by which governments finance their expenditure by imposing charges on citizens and corporate entities.

Tax Rate

The percent used to calculate a tax.

Sales Tax

A government charge on retail sales of certain goods and services.

Sales Tax

A tax on sales or on the receipts from sales, typically added to the purchase price by the seller.

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