On Which of the Following Transactions Should Sales Tax Be

question 65

Multiple Choice

On which of the following transactions should sales tax be collected?

• A) Architecture plans delivered through the mail.
• B) Sales of woolen goods to a state without nexus delivered through common carrier.
• C) Accounting services provided in Alaska.
• D)Meal purchased at McDonald's.

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Definitions:

Positively Correlated

A relationship between two variables where both either increase or decrease together.

Portfolio

A conglomerate of monetary investments incorporating shares, debentures, material goods, cash on hand, and assets akin to cash, inclusive of mutual funds and ETFs.

Mean

The average of a set of numbers, calculated by dividing the sum of all numbers by the count of numbers.

Investment

The allocation of resources, usually financial, in expectation of generating an income or profit.