Quiz: Making Sales and Use Tax Less “Taxing”

How much do you know about sales and use tax? Take this quick quiz to see if you know some of the basics! 1. What is sales tax? a. An amount added to the price of particular goods imported from certain foreign countries b. A tax on the sale of a specific items or services which is added to the sales price and paid by the purchaser c. A consumption tax assessed and collected on the value added in each production stage of a qualifying good or service 2. What is use tax? a. A tax owed on taxable…