(1)

When creating an invoice in Quickbooks Online, what is the importance of the Location of sale field in the header?

(A)The address in that field determines which location column the transaction will show up in when running a Balance Sheet by Location

(B)The address in the field determines the amount of shipping to be added to the invoice

(C)The address in that field determines which sales tax should be applied when based on custom rates

(D)The address in that field determines which sales tax should be applied when based on location of sale

(2)

You have been informed that your state's tax rate is increasing on July 1 and it is set up as a custom rate in QuickBooks Online.

Which statement is true?

(A) It will need to be manually changed only if there are more than 40 product/service items

(B) You will have to set up a new custom rate

(C) It will update automatically

(D) It will need to be manually changed

(3)

Your client needs to track accommodations tax even though they dont need to charge sales tax.

Theyve been using Excel to track the tax and wonder if there is a way to track it in QuickBooks Online using the hybrid sales tax experience.

What do you suggest they do?

(A) Add a custom rate and assign it to the appropriate taxing agency

(B) Create a bundle item that consists of a tax item and a non-tax item

(C) Add a new taxing agency and enter the appropriate rate

(D) Add a service item that is a percentage of the item before it