If Passed, the Marketplace Fairness Act Would Have

question 67

Multiple Choice

If passed, the Marketplace Fairness Act would have

• A)established a standard sales tax rate for every state of 5.5 percent.
• B)imposed a national sales tax on all online purchases.
• C)prevented online retailers from charging different rates for the same product to customers in different states.
• D)required online retailers to collect state sales taxes.

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Definitions:

Owner's Withdrawals Account

An equity account that records the amounts withdrawn by the owner(s) of a business for personal use.