The government imposes a sales tax on retailers. The retailers then pay a lower price to product manufacturer

Question

true or false?

Answer 1

True but wrong. The item goes from manufacturer to distributor, then to the retailer. The government does not impose the tax until the retailer sells the item to a customer. The retailer collects the tax from the customer and then passes it along to the government.

Answer 2

you will possibly pay the finished sales tax on the mandatory time consistent with state regulation. As a company, you will possibly desire to have registered with your Dept of gross sales. once you probably did that, they might desire to have despatched you innovations concerning reporting, reporting era, reporting techniques, etc. The sales tax is due based on the the date of sale, no longer whilst the money exchange into won. in many circumstances fixtures shops run promotions that make it easier to many months to pay for the fixtures yet they required that the sales tax is paid up front. That way the save has the money to pay the sales tax.