Author Question: Define sales tax. What are the types of sales taxes? What will be an ideal ... (Read 78 times)

notis · **on:** Jul 9, 2018

Define sales tax. What are the types of sales taxes?

What will be an ideal response?

Question 2

In terms of workers' compensation, some employers argue that employee claims of workplace stress are excessive and will make U.S. firms uncompetitive.

Indicate whether the statement is true or false

vish98 · **Reply #1 on:** Jul 9, 2018

Answer to Question 1

An ideal response would be:
A general tax on sales transactions, sometimes exempting food and medicine is known as a sales tax.
There are two different kinds of state sales taxesthe general sales tax on most retail goods (many states exempt necessities like food and medicine from the general sales tax)and the selective sales tax (also called excise taxes) on specific items like motor vehicle fuel, alcohol, and tobacco products.

Answer to Question 2

TRUE