Pharmacy items are exempt from state sales tax is

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Reference no: EM13885251

A not-for-profit nursing home has total expenses of $20 million. Sales tax in the state is 7%. Expenses are broken down into salaries ($12 million), supplies ($6million), and pharmacy ($2 million). The benefit received by the nursing home format he sales tax exemption assuming that pharmacy items are exempt from state sales tax is?

A. $1.4 million

B. $1.26 million

C. 420,000

D. 480,000

Reference no: EM13885251

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Pharmacy items are exempt from state sales tax is : A not-for-profit nursing home has total expenses of $20 million. Sales tax in the state is 7%. Expenses are broken down into salaries ($12 million), supplies ($6million), and pharmacy ($2 million). The benefit received by the nursing home format he s..

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