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Calculation of Business Tax
Gross Sales $ 800,000; including $ 50,000 in sales of services to persons in other states
Cash Discounts 12,000
Sales Returns 16,000
Bad Debts 6,000
The company is a retailer whose dominant business activity is the sale of electrical supplies.
Using the TN Business Tax Form and Resource notes as a guideline, calculate the business tax for the year (show calculations).
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