In Regard to Paying Taxes Online, the Basic Law States

question 36

Multiple Choice

In regard to paying taxes online, the basic law states ___________.

• A)Merchants must collect a sales tax on every purchase
• B)Merchants should collect sales tax in states where they don't have a physical presence
• C)Shoppers are supposed to track purchases and pay taxes on their annual tax filings
• D)Shoppers should only pay sales tax to merchants with a physical presence in their state

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Definitions:

Incidental Beneficiary

A third party who might benefit from a contract between two other parties but does not have legal rights to enforce the contract terms.

Assignment

The transfer of rights, duties, or property from one party to another, often used in the context of contracts or real estate.

Third-Party Beneficiary

An individual or entity that is not directly involved in a contract but stands to benefit from it as specified by the contracting parties.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights with respect to each other.