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QuickBooks MCQs

True or False: Sales tax is reported to the state annually.

False. It depends on the amount of income a company makes per month. Some report monthly, quarterly or annually.

True, they are reported on April 15th of the upcoming year.

False. It must be reported at the end of the month.

Answer

Correct Answer: False. It depends on the amount of income a company makes per month. Some report monthly, quarterly or annually.

Explanation:

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