A State collects sales taxes on behalf of the city, the state requires merchants to report and
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Question:
A State collects sales taxes on behalf of the city, the state requires merchants to report and transmit sales taxes 50 days of the end of each month in which sales occur , The state remits the taxes to the city 30 days after it receives them from merchants. The following data relating to sales taxes collected by merchants on sales of the last three months of 2020:
Month in which sales occurred | Sales taxes on sales |
October ,2020 | 10,000 |
November , 2020 | 28,000 |
December ,2020 | 38,000 |
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Related Book For
Introduction to Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff rey F. Beatty, Susan S. Samuelson
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