1.The typical local property tax falls on both an investor's principal residence and her stock portfolio.

True

False

1. The typical state sales/use tax falls on sales of both real and personal property.

True

False

1. The unemployment insurance tax is a tax paid by an employer on an employee's wages.

True

Fase

1. The use tax is designed to complement the sales tax. A use tax typically covers purchases made out of state and brought into the jurisdiction.

True Or False

1. Typical indicators of income-tax nexus include the presence of customers in the state.

True

Fase

1. Typically exempt from the sales/use tax base is the purchase of lumber by a do-it-yourself homeowner, when she builds a deck onto her patio. This exemption is known as the "homestead rule."

True or False

1. Typically exempt from the sales/use tax base is the purchase by a symphony orchestra of printed music for its players

1.8Typically exempt from the sales/use tax base is the purchase of tools by a manufacturer to make the widgets that it sells.