The following items were sold from CA: -Taxable widgets of $105,000; Non-Taxable widgets $30,000: Shipping charges of $5000; Handling charges of $8000; Installation/labor charges of $43,000; Sales to purchasers in Texas $ 18000; Sales to purchasers with valid resale certificates 22,000. Calculate the total taxable sales to be reported on the sales tax return.
| Particulars | Amount |
| Taxable widgets | $105,000 |
| Handling charges | $8,000 |
| Installation/labor charges | $43,000 |
| Sales to purchasers in Texas | $18,000 |
| Total taxable amount | $174,000 |
The following items were sold from CA: -Taxable widgets of $105,000; Non-Taxable widgets $30,000: Shipping charges...
1. Which of the following statement is not true regarding sales tax: a)Sales tax is a consumption tax b)Sales tax applies to the sale of certain goods and services c) Sales tax is levied at the point of sale d)Sales tax is collected by the retailer and passed on to the government e)Consumers pay sales tax directly to the state f) If a business fails to collect sales tax from a consumer, they are still responsible for paying the uncollected...