Question

You should only apply a Sales Tax Code to an item that is taxable
a-true
b-false

Answer 1

The statement 'You should only apply a Sales Tax Code to an item that is taxable' is true.

Step-by-step explanation:

The statement 'You should only apply a Sales Tax Code to an item that is taxable' is true.

A sales tax code should only be applied to items that are subject to sales tax. Sales tax is a tax imposed on the sale of goods and services, and it is typically a percentage of the purchase price.

For example, if you purchase a taxable item for $100 and the sales tax rate is 8%, you would apply the sales tax code and calculate the amount of sales tax as $100 x 0.08 = $8.