Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 4 Your client sells a taxable item and ships it to a customer that is out of state. There is no sales tax agency
Question
Your client sells a taxable item and ships it to a customer that is out of state. There is no sales tax agency set up for that state.
What sales tax rate will QuickBooks Online apply?
The customer's rate based on location
No sales tax will be applied
A special category rate will be used as the seller's rate
The seller's standard rate
Question
If you think sales tax isn't being calculated correctly, which of these should you verify?
That the tax is being calculated on the customer's area code
That Location tracking is turned on
That a price rule is being applied
That the correct tax category is selected
That the tax is being calculated on the correct address
Question
Which is correct regarding setting up a QuickBooks Payments account for a client?
The accountant should not activate QuickBooks Payments on behalf of their client
Existing Intuit Merchant Services accounts can't be connected to a QuickBooks Online company
Only the Primary admin of the QuickBooks Online company can connect QuickBooks Payments
QuickBooks Payment accounts can be moved from a QuickBooks Desktop company to Quichrooks Online
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started