Introduction to Business Taxation Test With Verified Correct Answers Complete Solutions.
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Course
TAX.
Institution
TAX.
relative consumption tax - correct answer business tax is a tax on the consumption of goods or services and is imposable only when the seller is a business
indirect tax - correct answer the tax is collected from the seller...
relative consumption tax - correct answer business tax is a tax on the consumption
of goods or services and is imposable only when the seller is a business
indirect tax - correct answer the tax is collected from the seller rather than from the
buyer-consumer
privilege tax - correct answer business tax is also viewed as a tax on the privilege to
do business
national tax - correct answer business tax is imposed by the national government
business - correct answer a habitual engagement in a commercial activity involving
the sale of goods or services for a profit
habitual engagement - correct answer there must be regularity in transactions to
construe the presence of a business
true - correct answer T or F
isolated sales and casual sales are not regular activities
privilege stores - correct answer most commonly known as "tiangge" are stalls or
outlets not permanently fixed to the ground which are put up during special events such as festivals or
fiestas (not more than 15 days)
commercial activity - correct answer engagement in the sale of goods or services for
a profit
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