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Business Tax Calculation: Gross Sales $ 800,000; including $ 50,000 in sales of services to persons in other states Cash Discounts 12,000 Sales Returns 16,000
Business Tax Calculation:
Gross Sales $ 800,000; including $ 50,000 in sales of services to persons in other states
Cash Discounts 12,000
Sales Returns 16,000
Bad Debts 6,000
Company is a retailer whose dominant business activity is sale of electrical supplies.
Using the TN Business Tax Form and Resource notes as a guideline, calculate the business tax for 2018 (show calculations)
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