Tài chính doanh nghiệpCâu 1156 / 1605
In California, sales or use tax on materials a contractor consumes to fulfill a construction contract is generally:
a.Owed by the contractor, who is usually the consumer of the materials
b.Always collected from the homeowner as a separate line item
c.Never owed by anyone on construction jobs
d.Paid by the CSLB
Giải thích
For most construction contracts, the contractor is treated as the CONSUMER of materials furnished and installed, so the contractor owes sales/use tax on the cost of those materials (either paid to the supplier or self-reported as use tax). The tax is a job cost the contractor must build into the price.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- On a home improvement contract, the down payment a contractor may collect is limited by law to whichever is less:
- On a home improvement contract, payments a contractor schedules and collects must:
- Under the schedule-of-values method of progress billing, each payment application is based on:
- The California minimum franchise tax that most corporations must pay to the Franchise Tax Board each year is:
- A sole proprietor contractor reports his business profit for federal income tax on:
- Self-employment tax paid by a sole proprietor covers:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)