Reference no: EM132943483

Problem 1: What is the importance of the "When Do You Owe Sales Tax" preference?

A Specifies your fiscal year end

B Turns sales tax tracking on and off

C Specifies which items and customers are taxable

D Allows you to adhere to your state's tax rules regarding reporting and remitting sales tax

Problem 2: Which of the following might indicate that a client has been paying sales taxes with regular checks coded to an Expense Account, instead of using the Pay Sales Tax window?

A A corrupt sales tax look-up process

B A large number of sales tax items in the Item list

C A large balance in the Sales Tax Payable account

D A negative balance in the Sales Tax Payable account