71
QuizMultiple Choice

Cumulative Exam — Cumulative exam

Question 71 • GA-GSE Government

Georgia’s sales tax is determined based on

Answer
A
the seller’s markup on goods sold.
B
the type of goods sold.
C
the price of goods sold.
D
the buyer’s need for the goods sold.

Explanation

Sales tax is calculated as a percentage of the selling price of taxable goods. For example, if an item costs $10 and the tax rate is 5%, the sales tax is 50 cents. Therefore, the tax is determined based on the price of goods sold, not the seller’s markup or the buyer’s needs.

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