ACC 547 WEEK 5 Sales and Use Tax What is the Solution

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ACC 547 WEEK 5 Sales and Use Tax What is the Solution

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ACC 547 WEEK 5 Sales and Use Tax What is the Solution

ACC 547 WEEK 5 Sales and Use Tax What is the Solution

Each state deals with Sales and Use Tax individually. In other words there is not a federal Sales and Use Tax. This creates some interesting issues since the majority of sales transactions are done across state lines.

Prepare a 700- to 1,050-word document that addresses the following:

  • What are some of the Sales and Use Tax laws in your state? What are some of the rates and when and how are they paid?
  • In your opinion, should there be a federal Sales and Use Tax System? What would be some of the advantages and disadvantages? Would it be collected by the states or the federal government? If collected by the federal government, how would it be divided amongst the states?

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ACC 547 WEEK 5 Sales and Use Tax What is the Solution

ACC 547 WEEK 5 Sales and Use Tax What is the Solution