Examlex
Which of the following statements is FALSE?
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.
Assessed Valuations
The dollar value assigned to a property for purposes of measuring applicable taxes.
Overhead Expenses
Indirect costs related to running a business that are not directly tied to production, including rent, utilities, and administrative salaries.
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