The base of the sales tax is either sales proceeds or gross receipts. In general, discuss whether
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The base of the sales tax is either sales proceeds or gross receipts. In general, discuss whether the following are included or excluded from the sales tax base:
• Returns and allowances
• Bad debts
• Tips and service charges
• Trade-ins
• Transportation charges What is the rationale for the inclusion or exclusion of the previous items from the sales tax base?
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Related Book For
State And Local Taxation Principles And Practices
ISBN: 9781604270952
3rd Edition
Authors: Sanjay Gupta, John Karayan, Joseph Neff, Charles Swenson
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