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A sales tax is a tax that is placed on the purchases of goods or services. The federal government does not have a national sales tax. Qualifying products or services are only taxable by a particular state government.
Each state has the ability to impose their own sales tax rate. At the curr…
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EQUALIZATION ORIGIN
Equalization for State school aid purposes is the process of determining the aggregate true value of all real property in each of the State’s 566 taxing districts. This figure is established by a program of assessment to sales ratio analysis. The aggregate true v…
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The IRS is very strict on payroll tax and the deductions associated with it. Even a small miscalculation can land an organization in serious trouble with this regulatory authority. So, it is important to maintain careful records of payroll accounts in an organization.
The first step to calc…
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