The base of the sales tax is either sales proceeds or gross receipts. In general, discuss whether

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The base of the sales tax is either sales proceeds or gross receipts. In general, discuss whether the following are included or excluded from the sales tax base:

• Returns and allowances

• Bad debts

• Tips and service charges

• Trade-ins

• Transportation charges What is the rationale for the inclusion or exclusion of the previous items from the sales tax base?

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State And Local Taxation Principles And Practices

ISBN: 9781604270952

3rd Edition

Authors: Sanjay Gupta, John Karayan, Joseph Neff, Charles Swenson

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Question Posted: May 15, 2024 02:01 AM

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The base of the sales tax is either sales proceeds or gross receipts. In general, discuss whether

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a breakdown of whether each item is typically included or excluded from the sales tax base along with the rationale Returns and Allowances Generally E...View the full answer

State And Local Taxation Principles And Practices

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