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1

1pts

The Tax Foundation's State Business Tax Climate evaluates Washington Stateas 6th in comparison with all other states. Which tax is not considered when doing the evaluation?

sales tax

Individual Income tax

State Income Tax

unemployment insurance tax

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2

1pts

A foreign organization is one that

only does business internationaly

is registered in Washington and originated in Washington but does business in other states

is formed in a state different than Washington

does business in five or more states

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3

1pts

A registered agent can be

an individual

an officer of a Washington corporation

an organization qualified by the Corporations Division of the Office of the Secretary of State

all of the above can be registered agents

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4

1pts

Which of the following business forms results in the owner being personally liable for all debts incurred by the business

corporation

sole proprietorship

LLC

LLP

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5

1pts

In a Limited Partnership,

all of the partners share equally in the liabilities and the profits

only share in the profits

have limited liability based on individual investment in the company

none of the above

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6

1pts

The Unified Business Identifier is

a three digit number used only with the Secretary of States office

is only used to file Federal Income Taxes

used by all the major taxing auhorities in the state

Is a number that identifies different industries under one number

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7

1pts

In order to do business in the State of Washington you must register with

The State of Washington

Department of Revenue

Department of Employment Security

all of the above

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8

1pts

A business only has to get abusiness license or register with the state but not both.

True

False

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9

1pts

Non-Profit Organizations use the same Master Business Licenseapplication to register with the state.

True

False

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10

2pts

A business must update and refile its business license application whenever it

decides to hire employees

changes ownership of a business

changes business location

all of the above

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11

1pts

Depending on the type of business, a speciality license may be required.

True

False

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12

1pts

The city of Bellevue requires a city license tooperate abusiness within the city limits.

True

False

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13

2pts

The Department of Revenue is responsible for the collection of all the following taxes except,

Industrial Insurance

Business and Occupation Tax

Retail Sales Tax

Use Tax

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14

2pts

Industrial Insurance

is a shared expense between employer and employee

is required of all employers

compensates workers who get hurt on the job

all the above

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15

1pts

In order to pay taxes in Washington State, each employer must be registered with the appropriate taxing authorities.

True

False

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16

2pts

Businesses can report and pay their taxes

whenever they want

through electronic filing and payment

only at a designated office

every month

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17

1pts

When filing tax reports in the state of Washington you no longer can use a paper form.

True

False

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18

2pts

Washington State's record keeping requirements include,

having records available for examination by tax authorities

keeping all files in a locked file cabinet

keeping records for the life of the organization

having a certified records manager on staff

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19

2pts

Which of the following is not a resource for Washington State Businesses?

U.S. Small Business Administration

Office of Minority and Women's Business Enterprises

Department of Agriculture and Livestock

TAAC