Lease Taxes and Monthly Rental Receipt Sales Tax

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What is the requirement for the TAX LOCATION CODE?

It should be filled in according to state regulations

What is the purpose of updating the rental tax from the summary screen?

To calculate the new total payment

What happens when Pinnacle throws a monthly rental tax reject?

The TAX LOCATION CODE is filled in

What is the step after updating the rental tax from the summary screen?

Add the new rental tax to the old base payment

Why is the dealer not permitted to charge tax on tire and wheel add-ons?

Because the lessee acquired them under contract

What is the final step in the process?

Assign the agreement in the end, including the return contract comment

What is the purpose of the summary screen?

To take notice of the updated rental tax calculation

What is the result of adding the new rental tax to the old base payment?

The new total payment

When does the dealer not charge tax on tire and wheel add-ons?

When the lessee acquires them under contract

What is the relationship between the TAX LOCATION CODE and the monthly rental tax box?

The TAX LOCATION CODE is filled in according to state regulations

Learn about lease taxes, their variations based on garaging location, and how they're assessed in the US. Understand the Monthly Rental Receipt Sales Tax and its billing process.

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