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Author Question: Sarah is a Texas lawyer working for Jerry Branson Law, a sole proprietorship. Her monthly income is ... (Read 55 times)

javeds

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on: Jul 8, 2018
Sarah is a Texas lawyer working for Jerry Branson Law, a sole proprietorship. Her monthly income is 450. Sarah is a teetotaler who frequents the racino in Louisiana Downs to wager on horse races.
 
  In the context of Texas taxation, which of the following statements is true?
  a. Sarah pays an annual tax of 200.
  b. Jerry Branson Law pays franchise taxes.
  c. Sarah is exempted from paying all forms of sales tax.
  d. Sarah spends a large part of her income paying alcoholic beverage taxes.

Question 2

Jade and Roxanne decide to buy a manufactured home. Which of the following taxes will they have to pay?
 
  a. margin taxes
  b. motor vehicle sales and rental tax
  c. income taxes
  d. franchise taxes


InfiniteSteez

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Reply #1 on: Jul 8, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: B


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