Which of the following sales is likely subject to sales and use tax in a state that assesses a sales and use tax?
A)Tax preparation services
B)Automobiles
C)Inventory
D)Food

Question

Quizplus · Accepted Answer

Automobiles are typically subject to sales and use tax in states that assess these taxes. Services like tax preparation are often exempt, inventory for resale is not taxed at the point of purchase by the business, and food is frequently exempt or taxed at a reduced rate to reduce the burden on consumers.

Which of the Following Sales Is Likely Subject to Sales