Sales and Use Tax

Sales Tax

100

Who is liable for sales tax?

Retailer/Seller

200

What is the term used to determine if a company has "taxable jurisdiction" in a specific state?

Nexus

300

What are 3 areas that need to be determined before deciding if a purchase is taxable or not?

-End User

-Tangible, Personal Property

-Use 

Use Tax

100

Who is liable for use tax?

Purchaser

200

What is the use tax rate in the state of South Carolina?

6% + any local taxes

300

What type of method does Fujifim use in recorded use tax

Percentage method

Taxable or Not

100

You receive an invoice from another Fujifilm company for an item that will be included in manufacturing

Not Taxable

200

You receive an invoice from an out of state company for office supplies that will be consumed by Fujifilm

Taxable- Use Tax

300

An invoice for machine parts for a machine that is directly correlated with the manufacturing of parts

Not taxable

True or False

100

The Resale Certificate is called an ST-14

False

200

If an invoice line item is a taxable item, then shipping will also be taxable if included on the same invoice.

True

300

Invoices that include purchases for items used in the manufacturing process are taxable.

False.