Question

If you provide a service and sell some tangible goods, you are generally required by state and municipal laws to collect a tax. True False

Answer 1

Answer:

True

Explanation:

Generally tax is applicable on the goods or services which being offered by the business. It is paid by the ultimate consumer of the product or service. Tax is collected by the business from customers and paid to the government department at a given time. So, the statement about the tax in this question is true.